Chapel Street flats could become hotel

editorial image

A DERELICT Peterhead building could be transformed into a hotel, if an ambitious new deal goes ahead.

Chapel Street’s disused flats have long been a blemish on the town centre, particularly after unsightly scaffolding was erected two years ago. Townsfolk have despaired as the eyesore got progressively worse, leaking water into nearby shops and businesses and causing concern over safety.

But a reprieve could be on the horizon as the Buchanie understands that negotiations are underway to sell the building - and potentially the shops beneath it - to an as yet unnamed developer.

Our source, who did not want to be named, said: “A deal is on the go to sell the flats. It is about 50% there. I know Aberdeenshire Council is desperate to get something done with it and obviously planning permission would need to be granted before anything can go ahead but it is in the pipeline. I can’t comment further until the deal has been finalised.”

A separate source told the Buchanie that a shop beneath the flats could be used as a reception should the developer proceed with hotel plans.

An Edinburgh developer allegedly bought the flats in 2008 but ran into financial difficulties before work could be started, forcing the bank to erect scaffolding and putting the building up for auction.