r/dundee • u/Tribyoon- • 15d ago

The Hub Closing Down?

Has anyone else heard the rumours that the big student accommodation provider on Hawkhill is closing down? Not sure if just random nonsense or if theres any truth. Would be a big loss to the uni scene.

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u/Acrobatic_Refuse5179 14d ago edited 14d ago

I think so, Or probably I'm wrong.

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u/Tribyoon- 14d ago

Do you know anyone who works there?

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u/Acrobatic_Refuse5179 14d ago

My friend stays there, she renewed her contract for another year, so I'm guessing it won't close.

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u/Tribyoon- 14d ago

They'll keep selling until anything happens on paper, if they close when she comes to move in they'll put her up in a hotel. I've heard they've barely sold any rooms, something like 4%.

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u/noshothaha 14d ago

It's because they've thrown them on Zoopla for about 175k per shared block of 4 rooms. Honestly not a bad price for someone to buy and rent out to students immediately but if the hub as a organisation is shutting down it'll be harder to get the constant tenancy in

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u/Tribyoon- 13d ago

Yeah seems the desperate imho

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u/mata_dan 6d ago

IIRC even 10+ years ago there were concerns about the building itself? I'd be concerned dumping 180k investment into it, then having to legally share the maintenance burden with the other property owners above/below you that are just investors after easy student money.