Around the Block: Bumper sales at Ireland’s regional multiple-property auctions

Galway-based auctioneers records sales of €5m from 38 properties

A block of apartments at Bruach na hAbhainn, in Spiddal, sold in one lot for more than €1 million
A block of apartments at Bruach na hAbhainn, in Spiddal, sold in one lot for more than €1 million

As the year draws to a close, some notable sales have been recorded at a number of country auctions.

Friday the 13th proved lucky for Galway-based auctioneers O’Donnellan & Joyce when it recorded sales of €5 million from the sale of 38 properties in Galway, Mayo, Roscommon, Donegal, Limerick and Tipperary.

The most notable sale was a block of 17 one- and two-bed apartments at Bruach na hAbhainn in Spiddal, which sold in one lot for more than €1 million, an average of almost €60,000 per apartment.

Eight apartments in Dougishka, Co Galway, sold for €650,000 at the same auction, with four apartments in Oranmore, Co Galway, going for €255,000. Six holiday homes in the Glen of Aherlow, Co Tipperary also sold for €260,000.

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Three days earlier at the Imperial Hotel in Cork, DNG Creedon sold 35 properties split into 21 lots for a combined total of €2,648,000.

The property that attracted the most interest on the day was 1 and 1A Maryland, Knockrea Terrace, Old Blackrock Road, Co Cork, which sold for €395,000, some €120,000 above its guide price, having attracted 67 bids on the day.

The multiple-property auctions are not over for the year yet.

Allsop will host its final online auction of the year next Wednesday, with 55 lots up for sale.

On November 27th, Galway-based DNG Maxwell, Heaslip and Leonard will host its biggest auction of the year, when 40 properties go under the hammer at the Radisson Blu Hotel, in Galway.

Meanwhile, O’Donnellan & Joyce is already preparing for its final auction of 2015 on December 18th.