An Aberdeenshire property company has created ten serviced apartments in Peterhead to target local business and tourism following a £533,000 funding package from Bank of Scotland.
Burnhaven Properties, run by father and daughter team, Sandy Murray and Karen Barbour, purchased ten apartment units located in the former Buchan Observer print works building on Chapel Street, following a full renovation of the structure and exterior of the premises.
The first of its kind in Peterhead, the units have now been converted and fully decorated into a mix of one and two bed serviced apartments.
Trading as The Printworks, all the flats are expected to be awarded 4 star status by Visit Scotland.
Director of Burnhaven Properties, Sandy Murray, said: “I have been project managing the restoration of the historic Caley building in Peterhead and so have spent a lot of time in the town recently.
“This has given us a sound knowledge of the local market and when the chance to acquire the apartments in the Buchan Observer office was presented to us we decided this was an ideal opportunity.
“We are expecting a mix of corporate guests as well as those visiting the area and have started to receive our first bookings already.
“The oil and gas industry generates a lot of business activity in the surrounding area, which we knew would create demand for this type of accommodation.With a number of golf courses located close by, including Donald Trump’s International Golf Links, golfing tourism also presents an opportunity for the business to capitalise on visitors from outside the UK.”
Bank of Scotland property relationship director, James Morgan, added: “We are pleased to be able to offer support during what will be an exciting time for the business, as it further develops in the local area.”