The former Robert Gordon University (RGU) students’ union, located on Schoolhill in Aberdeen, is set to go under the hammer once again, having garnered a winning bid of just £513,500 in its latest online auction. This figure starkly contrasts the £5 million price tag achieved in December 2014 when the building was sold to the Malmaison/Hotel du Vin Group. At that time, ambitious plans were laid out to transform the building into a boutique hotel featuring 255 bedrooms and a restaurant, a vision that received planning approval in 2015. However, the sharp downturn in the oil and gas sector meant that these plans were ultimately abandoned.

With the online auction conducted by Future Property Auctions, a total of 17 bids were submitted, illustrating a renewed interest in the property despite its previous challenges. Described as a “fantastic development opportunity,” this listing includes not only the former students’ union but also the Clarke Building located on Harriet Street, encompassing a combined total of 88,794 square feet. The sale also features a courtyard and represents a significant redevelopment prospect for the area.

Aberdeen, home to two universities and a college, has found itself without a students’ union since the RGU building closed its doors in 2013. The lack of such a facility has highlighted a gap in the city’s student community, particularly in the city centre. Attempts to revive the property for hotel use came to naught three years ago, and despite its historic significance—being a Category B listed building designed by local architect Alexander Marshall Mackenzie—its future remains uncertain.

Architects Halliday Fraser Munro have indicated that the dual properties could potentially accommodate around 85 residential flats alongside a retail space. Should the site be redeveloped for housing, it would be eligible for an exemption from the requirement to include affordable housing, under Aberdeen City Council’s affordable housing waiver policy. This provision could make redevelopment more financially viable, sparking further discussions about the scaling back of potential community housing goals in favour of broader development opportunities.

In addition to the former students’ union, the Inn at the Park in Ferryhill will also return to auction on June 12. Having gone unsold despite a series of previous offers, the Inn experienced a high bid of £435,000 in the latest auction attempt. This property has been on the market intermittently since late 2016, reflecting the challenges many establishments in the region have faced as they navigate changing economic conditions.

Both auctions, set between 10 am and 3 pm on June 12, underscore a broader trend in Aberdeen’s property market, indicating a potential resurgence in interest in commercial and development projects amid ongoing efforts to rejuvenate the city center. Whether the former students’ union will find a new purpose this time remains to be seen, but its sale points to the evolving landscape of Aberdeen’s urban regeneration.

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Source: Noah Wire Services