Latest news with #LuisGuarin
The Herald Scotland
4 days ago
- Business
- The Herald Scotland
Fire-ravaged Scottish village hotel site for auction at £1
Measuring more than 1,000 square metres and sited in the Cairngorms National Park, the plot on Glenshee Road was where the seven-bedroom Braemar Lodge Hotel stood prior to its demolition three years ago. The property comprises a spacious 1,039.4 sqm (0.257 acres) clear building plot, offering a blank canvas for development options, subject to all the necessary permissions being granted. The former footprint includes a 120-cover restaurant, whisky bar, owner's accommodation, a 12-berth bunkhouse, multiple outbuildings and extensive gardens and parking. Fire destroyed the popular hotel in March 2022, with the remains of the building being demolished four months later amid safety concerns. The plot, which has since remained undeveloped, is within five minutes' walk of Braemar Mountain Sports and within easy walking distance of Mar Lodge Estate. READ MORE: It is being sold by Scottish auction house Prime Property Auctions and director John Morris said: 'We are excited to present this massive development plot of land located within a prime location in Braemar. 'This remarkable property is now being offered with opening bids from just £1, offering savvy investors and visionaries a golden chance to own a slice of Highland heritage. 'The property is being offered at a fantastic discount to ensure a sale and should appeal to anyone looking for a straightforward purchase with excellent upside potential. 'It is a rare investment opportunity and a perfect chance for developers to build with the potential for substantial rental income and capital growth. 'This isn't just a piece of land – it's a front-row seat to Scottish tradition, royal heritage and exceptional natural beauty. To launch a site of this calibre with a starting bid of just £1 is bold, exciting, and will no doubt capture the imagination of bidders across the UK and beyond.' The live auction commences on Thursday, August 21 with bids accepted from 10.30am - 4.30pm. Prime Property Auctions was established by Luis Guarin and John Morris in 2022 and offers listings on commercial, residential and land. The firm operates throughout Scotland as well as England and Wales from its base in Glasgow city centre. It has a database of more than 20,000 buyers and has sold more than 600 auction lots in the UK since 2022.
Scotsman
5 days ago
- Business
- Scotsman
Braemar property for sale for £1
A prime piece of land in the historic Highland village of Braemar is up for auction for just £1. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Measuring more than 1000 square metres in the heart of the Cairngorms National Park, the plot on Glenshee Road was where the seven-bedroom Braemar Lodge Hotel stood prior to its demolition three years ago. The property comprises a spacious 1039.4sqm (0.257 acres) clear building plot, offering a blank canvas for development options, subject to all the necessary permissions being granted. Advertisement Hide Ad Advertisement Hide Ad The impressive former footprint includes a 120-cover restaurant, whisky bar, owner's accommodation, a 12-berth bunkhouse, multiple outbuildings and extensive gardens and parking. For sale: Plot. Fire destroyed the popular hotel in March 2022, with the remains of the building being demolished four months later amid safety concerns. The plot, which has since remained undeveloped, is within five minutes' walk of Braemar Mountain Sports and within easy walking distance of Mar Lodge Estate. It is being sold by leading Scottish auction house Prime Property Auctions and director John Morris said: 'We are excited to present this massive development plot of land located within a prime location in Braemar. This remarkable property is now being offered with opening bids from just £1, offering savvy investors and visionaries a golden chance to own a slice of Highland heritage. 'The property is being offered at a fantastic discount to ensure a sale and should appeal to anyone looking for a straightforward purchase with excellent upside potential. Advertisement Hide Ad Advertisement Hide Ad 'It is a rare investment opportunity and a perfect chance for developers to build with the potential for substantial rental income and capital growth. 'This isn't just a piece of land – it's a front-row seat to Scottish tradition, royal heritage and exceptional natural beauty. To launch a site of this calibre with a starting bid of just £1 is bold, exciting, and will no doubt capture the imagination of bidders across the UK and beyond.' The live auction commences on Thursday, August 21, with bids accepted from 10.30am-4.30pm. Prime Property Auctions was established by Luis Guarin and John Morris in 2022 and offers listings on commercial, residential and land. The firm operates throughout Scotland as well as England and Wales from its base in Glasgow city centre. It has a database of more than 20,000 buyers and has sold more than 600 auction lots in the UK since 2022.
The Herald Scotland
20-06-2025
- Business
- The Herald Scotland
Scottish auction house on course to hit record turnover
Since Prime Property Auctions was set up in 2022 by Glasgow businessmen John Morris and Luis Guarin it has seen revenues build consistently, with the current financial year 'promising to be the best yet'. Turnover at year end October 31, 2024 was £1.5 million which represented 90.5 per cent growth on the firm's first year, at £764,700. The trajectory for the same time this year is sitting at £2.4m, and is 'buoyed by a strong performance' from the turn of the year. READ MORE: Housebuilding giant purchases land in Scotland Plans for homes in Scottish village Prime offers listings on commercial, residential and land and operates throughout Scotland as well as England and Wales from its headquarters in West Regent Street in the centre of Glasgow. It has a database of more than 20,000 buyers with more than 600 auction lots sold in the UK since 2022. Mr Morris said: 'When Luis and I started out on this journey our intention was to demonstrate that auction is a route that people can go down for selling property. Not every property is appropriate for auction but it does serve a purpose and is becoming increasingly popular as is evidenced by our strong financial position as we move through our current financial year. 'Our growth has been pretty much organic and based on referrals, which is very pleasing and shows that people put their trust in what we do – and that is selling their property quickly for the price they want. 'We have doubled in size every year but we are not stopping here. We are consistently investing back into the business, including our systems and staff. We have grown steadily since forming and we want to continue that trend. 'With the people we have working for us and the application we all put in, we are confident that is going to happen. This is only the beginning of what is going to be an exciting journey.'
Scotsman
18-06-2025
- Business
- Scotsman
Record £2m growth on cards for property auction house
Prime Property Auctions, a leading Scottish auction house, is set to register record growth for the third year in a row since its formation. Sign up to our Scotsman Money newsletter, covering all you need to know to help manage your money. Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Set up in 2022 by Glasgow businessmen John Morris and Luis Guarin, the firm has seen revenues build consistently, with the current financial year promising to be the best yet. Turnover at year end 31 October 2024 was £1,457,187, which represented 90.5 per cent growth on the firm's first year (£764,700). Advertisement Hide Ad Advertisement Hide Ad Buoyed by a strong performance since the turn of the year, trajectory for year end 31 October 2025 is sitting at £2.4m. Popular: Luis Guarin (l) and John Morris. Prime offers listings on commercial, residential and land and operates throughout Scotland as well as England and Wales from its headquarters in West Regent Street in the centre of Glasgow. It has a database of more than 20,000 buyers with more than 600 auction lots sold in the UK since 2022. Director John Morris said: 'When Luis and I started out on this journey our intention was to demonstrate that auction is a route that people can go down for selling property. Not every property is appropriate for auction but it does serve a purpose and is becoming increasingly popular as is evidenced by our strong financial position as we move through our current financial year. 'Our growth has been pretty much organic and based on referrals, which is very pleasing and shows that people put their trust in what we do – and that is selling their property quickly for the price they want. Advertisement Hide Ad Advertisement Hide Ad 'We have doubled in size every year but we are not stopping here. We are consistently investing back into the business, including our systems and staff. We have grown steadily since forming and we want to continue that trend.
