The massive success of O’Donnellan & Joyce’s 2014 auctions seem to have left no doubt in the minds of most vendors that, if you want to sell your property in a reasonably short length of time, the auction route is the way to go.
An auction is an efficient and cost effective way of selling property and, if prepared properly with intensive marketing, advertising, and mailing, will result in the greatest possible exposure of the properties offered. To maximise the effectiveness of the marketing, considerable thought must be given to the guide price, which needs to be tailored to generate competitive bidding in the auction room, thus ensuring that the best price is being achieved.
Selling by auction however, offers a high degree of certainty that a sale will be achieved on a given day and, significantly, on the fall of the gavel an immediate binding contract is formed. There is the added advantage of the sale being entirely open and transparent. As no further negotiation is permitted, the entire sale process, from instruction to exchange of contracts, is achieved within as little as six to eight weeks. Most types of property are suitable for auction provided that a realistic reserve price is agreed. Auction is now regarded as the optimum method of sale for many sellers including executors, receivers, private investors, owner occupiers, and banks. Once a property sells at auction the owners can go forward in the knowledge that the property is sold and they can therefore bid on or buy another property if they wish to do so.
O’Donnellan & Joyce has honed its auction process. The company has always been synonymous with auctions in the west of Ireland, however it are now rated as one of the best auction houses in the country. The areas covered range from Donegal to Limerick and Clifden to Mullingar with enquiries coming in from Dublin and further afield asking if the company would facilitate sales in those areas. Despite the fact that O’Donnellan & Joyce sells a large number of properties for lending institutions, the majority of the auction properties are still privately owned homes and investment properties. From the moment a property goes in for auction until it sells a very personal service is given and vendors are kept informed and updated constantly regarding their property; this is one area that O’Donnellan & Joyce is empathic about — the team believe that communications with a client, whether buying or selling, is of the essence.
The first auction of the year which will take place on Friday March 6 promises to have a wide selection of properties, both commercial and private, in very sought after locations both in the city and outside and in counties further afield. To date, commercial properties going under the hammer on the day are in Furbo, Ballybane, Ballinasloe, and Limerick. Private sales will include Mervue, Ballybane, Salthill, Clarinbridge, Furbo, Glinsk, and Carna in Connemara, together with lands in Craughwell, Clarinbridge, and Gort.
No 16 Clareview Park, Ballybane, is a three bed terraced property in good condition. It enjoys a large rear garden with rear access. Located close to GMIT, this will make a superb starter home or a great investment property. AMV is €110,000.
No 8 Parnell Avenue, Mervue, is a fabulous family home that has been recently extended, modernised, and refurbished. The extension to the rear is designed so it is part of the main house, and it can also be a self-contained two bedroom apartment with private access. Off street parking to the front, and rear access plus parking, are among the many attractions to this lovely property. Located opposite the park and shops, this property must be viewed to be fully appreciated. AMV is €175,000.
Also going under the hammer is No 34 Glenard Crescent, Salthill. As with all the properties in Glenard Crescent, No 34 is a fine, spacious, four bed family home. Although it is in need of modernisation and refurbishment it enjoy a large south facing rear garden that borders the park and is not directly overlooked. This large, bright, property has huge potential and with an AMV of €420,000 should attract interest from a wide range of potential purchasers.
Stradbally North, Clarinbridge, has always been a popular location. This superb property is standing on a large corner site of mature gardens just as you turn off the main road. Located in the village, it is beside the local primary school and shopping centre and offers discerning purchasers one of the best family homes to come to the market in this location for some time. AMV is €295,000.
Detached property in Furbo: Accessed by its own private avenue and located on c1 acre of mature gardens that are totally private, this magnificent property has a lot to offer in terms of quality, design, and features. Architecturally designed, it was originally built in 1986, however it has been totally refurbished and modernised to a standard that is not often found. The property extends to c4,500sq ft and has a high energy rating of B3. Minutes from the Furbo beach and Furbo church, this property is sure not to disappoint. AMV is €430,000.
No 1 Glinsk Cottages, Glinsk, Cashel Bay, was built in 2003. This is a fabulous three bed holiday home that enjoys panoramic views of Cashel Bay and the Twelve Pins beyond. This property has the benefit of a large south facing conservatory and is one of just 12 similar homes that are part of a maintained development. This would be a superb investment or a great starter home. AMV is €95,000.
Bungalow in Letterdeskert, Carna: This is a lovely three/four bedroom family home located on the outskirts of Carna village and standing on c3 acres. Built approximately 50 years ago and extending to c1,600sq ft, this family home offers space in abundance both inside and out. Close to all amenities in Carna and the locality, this is one property that is well worth considering. AMV is €80,000.
House on 0.5 acre at Sliabh Carron, Ennis Road, Gort: This is a large detached house that is in need of total refurbishment. This property was used as a site office during the construction of the development at Sliabh Carron. However it has the potential to be transformed into a lovely family home. It stands on 0.5 acre.
Kilmallock, Limerick: Going under the hammer is seven acres of land zoned residential located within a five minute walk of Kilmallock town centre. The lands are located to the rear of the existing housing development of Bellview. These lands would be ideal for further development (subject to planning permission ). This is an excellent location, just 30 minutes from Limerick city and five minutes from Charleville and the main Limerick-Cork route. AMV is €95,000.
Dun Eibhir, Furbo: This is an excellent investment opportunity located just off the main Galway/Spiddal road, including a large retail/restaurant area of 670sq m on the ground floor, and two offices and one apartment on the first floor, all currently vacant. There are also four townhouses on the second floor with one currently vacant. This is an exceptional location on the very busy coastal route from Galway to Spiddal. The property is being sold as one lot and with an AMV of €375,000.
Circa 50 acres of agricultural land in Barna: This rocky agricultural land comprising some 50 acres is located close to Bearna Golf Club. The lands are divided into nine separate fields. AMV is €100,000.
No 22 Heather Grove, Ballybane: This is a six bedroom two storey detached residence in poor condition throughout, which would require substantial refurbishment and upgrading. It is located just off the main Ballybane Road, close to GMIT, Bon Secours, and a number of industrial estates. AMV is €125,000.
No 23 Bayview Rise, Ballybane: This is a four bedroom mid-terrace residence in need of modernisation and upgrading throughout. It is located close to GMIT, Bon Secours, and a number of industrial estates. AMV is €60,000.
The following lands will also be available to purchase at the auction.
Lands comprising 15.3 acres in Parkroe, Craughwell, AMV €130,000.
Lands comprising 16.5 acres in Kilcronan, Clarinbridge, AMV €160,000.
A large site at Sliabh Carron, Ennis Road, Gort, with full planning permission.
As with all O’Donnellan & Joyce auctions the venue is the Harbour Hotel, Galway, and this auction on March 6 will commence at 3pm. On the auction day the full auction is streamed live on the internet and viewers have been reported to have logged in from as far away as the USA, the UK, Australia, and Dubai which means that the auctions gain the maximum exposure possible.
Upcoming auction dates for 2015 are Friday March 6, Friday April 17, Friday June 12, Friday July 24, Friday September 25, Friday November 6, and Friday December 18.
Anyone wishing to place a property for auction in any of O’Donnellan & Joyce’s upcoming auctions should contact the auction team on 091 564212 and an arrangement will be made to have one of the agents go along to meet you at your property and give you a free valuation and appraisal, and go through the various auction dates and the advantages of selling at auction.
Contact can also be made with Colm O’Donnellan on 087 2887446; Tony Joyce on 086 2529110; Mary Fahy on 087 9969831; or Anne Harding on 086 8173335.
