Latest news with #PrimePropertyAuctions
The Herald Scotland
12 hours ago
- 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.'
Scottish Sun
2 days ago
- Business
- Scottish Sun
Rangers-themed pub up for sale in Scots town at cut-price
The business on the town's Union Street has a reduced guide price of £85,000 GET THE BEARS IN GET THE BEARS IN Rangers-themed pub up for sale in Scots town at cut-price Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A RANGERS pub on the market for a cut-price has been hailed as a "rare" opportunity. Struths Bar in Larkhall is looking for a new owner to take over the day-to-day running of the premises. Sign up for Scottish Sun newsletter Sign up 4 A Rangers-themed pub is up for sale Credit: Prime Property Auctions 4 The bar in Larkhall has a reduced guide price of £85,000 Credit: Prime Property Auctions 4 The pub is adorned with the club's colours and memorabilia can be found throughout Credit: Prime Property Auctions The business on the town's Union Street has a reduced guide price of £85,000. It currently has an alcohol license but there is potential for the unit to be transformed into a shop. Seller Prime Property Auctions has been described it as a "rare premises", ideal for those interested in running a Light Blues-themed boozer. The building features a large open space with a versatile cellar underneath, handy for storage or extending the usage area. The bar - named after Rangers' legendary second manager Bill Struth, who led the club for 34 years - features a large painted badge on the front. Inside, there is a traditional wooden bar with the club's scroll crest emblazoned on it. There is seating running along one of the walls and there is a small drinking and smoking area is outside. It was previously rented out for £800 a month and is situated on a "bustling street" in the South Lanarkshire town. The guide price is being offered at a "fantastic discount", having previously been listed on the market for £95,000. The listing from Prime Property Auctions read: "This opportunity is sure to appeal to shrewd commercial investors seeking rare premises with high yield potential or those in search of affordable commercial spaces. Unassuming corner shop was seen by millions on classic 70s sitcom - but would you recognise it? "Situated on a bustling street in Larkhall with plenty of passing footfall, this location is perfect for attracting and retaining a steady flow of customers. "Larkhall is a vibrant town in South Lanarkshire, offering a delightful mix of local amenities and community spirit. With excellent transport links to nearby cities and a bustling high street, it's an appealing location for business ventures." Potential buyers are urged to enquire as the lot is open to immediate offers. The pub will feature in Prime Property Auctions' upcoming timed online sale. To take part in the live bidding, punters must create an account with the auctioneer.
Scotsman
2 days ago
- 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.
