Thursday 2Nd May Auction Brochure
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Thursday 2nd May Auction Brochure Galway Mayo Sligo Leitrim 12 lots 93% Roscommon available and more Sold at our last public auction 24/7 online nd May bidding facility Find your 02 from 6.30pm PERFECT Find your ideal property property THURSDAY 2ND MAY 2019 MENLO PARK HOTEL, GALWAY REGISTER FROM 6.30PM | AUCTION STARTS 7.00PM 1 DEAR BIDDERS GET MORTGAGE We are delighted to welcome you to The Connacht documentation and information relating to a property ahead Property Auction, taking place on the 02nd of May of bidding and allows successful purchasers to finalise their READY WITH AIB 2019 at The Menlo Park Hotel, Galway. This is our purchase quickly. WE BACK BELIEF EVERY DAY second public auction of 2019, and we will hold a total of 5 auctions during 2019. The next public auction will Bid online 24/7. take place here on July 4th 2019. We are also offering properties for sale via our online auctions and we are Visit www.connachtpropertyauction.ie to view our online currently taking entries for both our online & public auction properties. Our online auctions run for between 30 auction events. - 45 days and potential purchasers can organise a viewing of the online auction properties as normal. Bids can be The auction team are looking forward to a busy night placed in person, over the phone or by registering on the ahead and we are delighted to offer an excellent auction website. All bids are made visible on the online variety of residential and commercial properties from auction website along with the time remaining. The online throughout the province to the floor. auction end time is extended to 2 minutes remaining for every bid that is placed in the final 2 minutes of the auction. The auction is a partnership of established estate agents This ensures every bidder has the opportunity to increase from across Munster and the neighbouring counties. We their bid before the auction ends. The highest bid secures are continuously offering properties via our online auction the property providing the realistic reserve price has been website www.connachtpropertyauction.ie and also via our met or exceeded. Vendors can also decide to accept a bid regular public auction events. This evening we are offering a at any stage during the online auction, so don’t forget to fantastic selection of realistically priced properties by public register your interest early to avoid disappointment. auction. We hope that you are successful in securing the properties that are of interest to you and we will endeavour In addition to the properties found in this brochure we to make the buying process hassle free. currently have over 200 realistically priced properties available to buy via our online auctions. Drop into one of our 14 branches in Galway and talk to our mortgage advisors. They will talk you through all your options and help you with the paperwork. Our mortgage The Connacht Property Auction, making auction more We look forward to seeing you again at our next public advisors are available to meet you early morning, in the evening or on Saturdays. accessible. auction event which will be held at The Menlo Park Hotel, Galway on July 4th. You can also call us on 1890 724 724 or click on www.aib.ie/mortgages to make an appointment. Our aim is to make auction more accessible to both the seller and the purchaser. We therefore do not charge any Regards entry or marketing fees into our auctions, making auction Lending criteria, terms and conditions will apply. Allied Irish Banks, p.l.c. is an authorised agent and servicer of easily accessible to sellers. To assist purchasers, we offer AIB Mortgage Bank in elation to origination and servicing of mortgage loans and mortgages. AIB Mortgage Bank and Allied Irish Banks, p.l.c. are regulated by the Central Bank of Ireland. a flexible auction solution and work with both mortgage Patrick Folan buyers and cash purchasers. The vast majority of properties Auction Director we offer for sale come with the benefit of a full legal pack. The legal pack provides the purchaser with all the relevant 2 3 NOTES... at a particular level and you can make this bid and in main land Europe and is becoming more by raising your paddle, hand or catalogue. If you and more popular in Ireland due to the speed, Menlo Park Hotel, Galway wish to make a bid other than the bid which the security and transparency it offers auctioneer asks for, please shout out your bid . Approaching from Dublin and the auctioneer may or may not accept it. The Traditional Method of Auction Coolagh Roundabout property will be sold when the hammer falls to the This is an Unconditional Auction where on Coming off the new motorway, take the 2nd exit off highest bidder above reserve – but not until the acceptance of an offer or on the fall of the hammer the roundabout signposted ‘Galway City West/Sligo’. auctioneer asks for any final bids. Never delay the buyer will pay up to a 10% deposit and 1st set of traffic lights (Lynch Junction at ‘KFC’) until the last second with your bid – you may lose exchange of contracts is immediate. Both parties Go straight through signposted ‘Galway’ which will it. Remember, there may be a lot of people in the are then legally bound to buy and sell. Traditional bring you onto the N6 Dual Carriageway. room and unless your bid is clear the auctioneer auctions are the fast and most secure method of 2nd set of traffic lights may not see you. sale for buyer and vendors. Go straight through. 3rd set of traffic lights (Font Junction on the Tuam Road) Go straight through. On The Fall Of The Hammer www.menloparkhotel.com If you are the successful bidder a member of the Roundabout 2 – Kirwan Roundabout The hotel is located on the far side of this roundabout, auction team will approach you and ask you to Registration at 6.30pm cream building. Take the 3rd exit and the hotel entrance follow them to the sales room. You will then be Auction begins at 7.00pm is a few hundred yards on the right hand side. asked to provide a deposit on the property. We will then prepare the acknowledgement of reservation form or sales contracts for you to sign. Please do not leave the auction room without paying your deposit and completing the required paperwork. Auction Day Procedure you intend to use, or there may be a solicitor Before placing a bid we strongly advise present. What If The Lot I Want Is Unsold? that you carry out market research and due If a lot fails to reach its reserve in the room and diligence on any property you are interested in Timing you wish to buy it, ensure you register your bidding on. Make sure to review all necessary The lots will be sold in order as catalogued. highest bid with us before you leave the room. legal documents for the subject property. We Allow approximately 3 minutes per lot as a guide. We will contact the vendor and ask them for their recommend that before bidding you visually Therefore lot ten should be offered for sale at instructions and contact you if we think that a sale inspect the property internally and are completely approximately 7.30pm. after the auction is negotiable. Alternatively call us happy with what’s on offer. in the office after the auction. Bidding For Your Lot Registration When the auctioneer announces your lot he will Is my property suitable for Auction? You will be required to provide photographic I.D. also bring to your attention any last minute items Any type of property is suitable for sale by auction. and proof of address to obtain a bidding paddle which you should be aware of. He will also read Lots range from traditional residential properties to enable you to bid at a property auction. If you the full address of the property, so please double from all price ranges, style and condition, intend to bid please remember to bring with you check before bidding that this is the lot that you new-build development, tenanted investments, your catalogue, debit/credit card or bankers draft are interested in. The current lot number is usually agricultural land, development sites and all sectors for your deposit and the required identification. displayed with a photograph on screens at the of commercial property. Selling through auction is Please also bring the contact details of the solicitor front of the room. The auctioneer will invite bids the preferred method of sale in the USA, Canada, 4 5 GOING, GOING... ...GONE! Reserve Price Special Conditions of Sale The Catalogue This is the minimum price that a seller is willing In addition to these ‘general’ conditions applicable Details of the property and land to be sold are to accept for a subject property. This is a realistic to each lot, the vendor’s solicitor may draft set out in this catalogue. All lots are sold subject and fair figure which needs to be met, to allow additional terms applicable to their individual lot – to Special Conditions of Sale. It is important that us to sell the property. Reserve prices are not these are the Special Conditions. These are not prospective purchasers satisfy themselves as to published; this is a private agreement between the printed in the catalogue and are available for free the location, boundaries, condition and state of the vendor and the auctioneer. from the auction department if applicable.