The three storey building, sat opposite Albert Park, offers 514 sq m of accommodation as well as a garage, parking area and gardens.
The property was purchased by SATS Teesside who specialise in providing students with safe, secure and affordable accommodation throughout the Teesside area.
Matthew Brear from Dacres Commercial, who managed the sale of the property, said: “SAS Teesside plans will breathe new life into the building, by creating a high quality student accommodation scheme, which is just a few minutes walk from Teesside University.”
Our BQ Bulletin emails will land in your inbox at 7.30am, Monday to Friday, with a mix of the latest local business news, national news, and features to inspire you. Sign up here!
Click here to read our privacy statement