If you are looking for a guaranteed return on your investment then look no further than O’Donnellan and Joyce’s November 13 auction.
The property auction, which takes place at 2pm in the Harbour Hotel, Galway, will see more than 40 properties going under the hammer. There are numerous outstanding investment opportunities located all over Galway city and other counties, which are especially suitable for students, young professionals, and families.
The rental market in Galway city is currently at an all-time high and demand is through the roof. This, combined with the favourable selling prices of desirable homes within Galway, makes it an excellent time to invest.
Below are just some of the exciting investment opportunities available in the November auction which sees more than 40 properties go under the hammer.
Bruach na hAbhainn, Spiddal, Co Galway: A modern apartment block of 17 apartments being sold in one lot. The apartments are located in Spiddal village and within a 20 minute drive of Galway city. Four of the apartments are currently let. Ideal investment opportunity. AMV is €440,000. Open viewing Saturdays 2pm to 3pm.
Fearann Rí, Doughishka, Galway: A block of eight apartments being sold as one lot, comprising five three-bedroom and three two-bedroom apartments. All of the apartments are fully let with a rental income of €72,000 per annum. There are seven secure garage spaces included, as well as communal parking. All apartments have been very well maintained throughout with many boasting exceptionally large living accommodation. AMV is €675,000. Open viewing Saturdays 2pm to 3pm and Wednesdays 12 noon to 1pm.
Now 84, 85, 90, and 91 Frenchpark, Oranmore: A block of four apartments being sold as one lot. The apartments are conveniently located being within a five minute walk of Oranmore village. Two of the apartments are currently rented with an income of €950 per month. Ideal investment opportunity. AMV is €240,000. Open viewing Saturdays 11am to 12 noon.
Riverside Retail Park, Borrisokane, Co Tipperary: Seven retail units completed to a shell and core finish (one fully complete ), 16 apartments with four fully complete, 10 completed to first fixing, and the remaining two completed to a shell and core finish. AMV is €445,000. Open viewing Thursdays 1pm to 2pm.
Six holidays homes, Glen of Aherlow, Co Tipperary: A new development of six detached holiday homes located 6km from Tipperary town and within five minutes of the village of Garbally. All these homes are Bord Failte approved. Joint agent is Tim Ryan auctioneer, 062 51566. AMV is €440,000. Open viewing 10.30am to 11.30am, Saturday October 31, Saturday November 7, and Tuesday November 10.
Units 306 to 310, Mahon House, Limerick city: Five one-bedroom apartments located in Limerick city centre. All the apartments are fully let and are producing a rental income of €29,125 per annum and are being sold with tenants in place. Ideal investment opportunity. AMV is €245,000. Open viewing Sundays 2pm to 3pm.
No 9 Woodquay, Galway: A city centre retail unit (tenant not affected ) with self-contained apartment overhead. Ideal gilt edged investment opportunity. AMV is €130,000. Viewing is by appointment.
Shop Street, Tuam, Co Galway: A superb opportunity to acquire a prominent retail unit located in Shop Street in Tuam. The property has a self-contained access to four apartments overhead. This prime property is in need of refurbishment and modernisation and would provide a gilt edged investment or perfect pension plan. This is a rare opportunity to acquire a commercial unit with double frontage and a self-contained access to four substantial apartments overhead. AMV is €100,000. Open viewing Tuesdays 2.45pm to 3.30pm.
No 213 Gleann na Rí, Murrough, Renmore: Spacious three bedroom apartment located within a secure apartment complex. The complex is situated just a leisurely stroll from GMIT, Merlin Park Hospital, and Bon Secours hospital. it is also within walking distance of Ballyloughane Beach. It is an ideal investment opportunity. Amv is €90,000. Open viewing Wednesdays and Saturdays 4.30pm to 5pm.
No 63 Forster Court, Forster Street, Galway: A fine four bedroom semidetached property presented in walk in condition. The property is owner occupied at present, however because of its wonderful city centre location it has excellent rental potential. Features include one assigned parking space, oil fired central heating, and double glazing. Superb location. Management fee is €350 per annum. AMV is €270,000. Open viewings Wednesdays and Saturdays 11am to 12 noon.
No 38 Lower Newcastle, Galway: Located directly opposite the AIB on Lower Newcastle, this property is on the edge of the NUIG campus. This is a fine three/four bedroom property and is ideally located close to NUIG and UHG to guarantee an all year round rental income, alternatively it would make a lovely starter home. Although in need of some upgrading and modernisation, the location is superb and offers a discerning purchaser a gilt edged investment property. AMV is €230,000. Open viewing Wednesdays and Saturdays 3.30pm to 4.30pm.
No 19 Presentation Road, Galway: This is a fine four bed, four en suite, property located within walking distance of NUIG and UHG. The property is in need of some upgrading, however with that done and some vision this could be a wonderful family home in a wonderful location. This is also a superb investment property because of its closeness to the city centre and all other facilities, both educational and recreational. AMV is €230,000. Open viewings Wednesdays and Saturdays 2pm to 3pm.
No 1 Court Avenue, Woodquay, Galway: Located in the city centre directly behind the Town Hall Theatre and close to the courthouse, No 1 Court Avenue is one of a terrace of original houses known as part of old Galway. The property is in need of refurbishment and updating but this two bed property has huge potential and would make an ideal starter home, a home to retire to, or a gilt edged investment property. It is within easy reach of all amenities and is just a stroll from Eyre Square and around the corner from the River Corrib at Woodquay. AMV is €130,000. Open viewings Wednesdays and Saturdays 12.30pm to 1.30pm.
No 215 Gleann na Rí, Murrough, Renmore, Galway: A modern two bedroom third floor apartment located within a secure gated complex. Rental income is generated via a pooled system. Situated just a leisurely stroll from GMIT, Merlin Park Hospital, and Bon Secours Hospital. Being sold with tenant in place. AMV is €90,000. Open viewings Saturdays 4.30pm to 5pm.
No 235 Gleann na Rí, Murrough, Renmore: Modern two bedroom first floor apartment located within a secure gated complex. Rental income is generated via a pooled system. Situated just a leisurely stroll from GMIT, Merlin Park Hospital, and Bon Secours Hospital. Being sold with tenant in place. AMV is €70,000. Open viewings Saturdays 4pm to 4.30pm.
No 164 An Fiodan, Doughishka: Modern three bedroom duplex apartment located in Doughiska. No 164 An Fiodan is located in a popular residential development within close proximity of Briarhill Shopping Centre, schools, and all local amenities. Ideal starter home or gilt edged investment opportunity. AMV is €90,000. Viewing Saturday 12.30pm to 1pm.
No 64 Fearann Rí, Doughishka: A modern three bedroom end of terrace residence located in Doughiska. No 64 Fearann Ri is located in a popular residential development within walking distance of Briarhill Shopping Centre, schools, and all local amenities. Ideal starter home or gilt edged investment opportunity. AMV is €85,000. Open viewing Saturdays 1.30pm to 2pm.
No 73 Fearann Rí, Doughishka: Spacious four bedroom semidetached residence located in Doughiska. No 73 is located in a popular residential development within walking distance of Briarhill Shopping Centre, schools, and all local amenities. Ideal starter home or gilt edged investment opportunity. Being sold with tenant in place. Rental income is €750 per month. AMV is €85,000. Open viewing Saturdays 1pm to 1.30pm.
No 26 Temple Jarlath, Tuam: A modern two bedroom second floor apartment located in Tuam town centre. Tuam is a vibrant town and is located within a 30 minute drive of Galway. Ideal starter home or investment opportunity. AMV is €60,000. Open viewing Tuesdays 2pm to 2.30pm.
For further details and open viewing times see www.odonnjoyce.com for full brochure and pictures of each property, or contact the O’Donnellan and Joyce auction team on 091 564212.
