A PROPERTY in Aberdeen which traded as a hotel until falling into administration is to be given a new lease of life as student accommodation.
The former Bauhaus Hotel on Langstane Place is to be converted into 45 units of accommodation after plans were approved by Aberdeen City Council.
The property was sold to an unnamed developer by administrators RSM Restructuring Advisory, who were appointed to the hotel in July 2019, for an undisclosed sum. It had been marketed with a guide price of £1.4 million.
Paul Dounis, partner at RSM and joint administrator, said: “The sale and change of use of the vacant Bauhaus building will bring young people back into the heart of Aberdeen; enhancing the vibrancy of the city; creating jobs and supporting economic growth post-pandemic.”
“The site is parallel with the city’s main retail thoroughfare of Union Street and close by to a wide range of restaurants, bars and live entertainment venues.”
The property will house students from the University of Aberdeen, North East Scotland College and Robert Gordon University once renovation works are completed. Work on the project is expected to begin soon.