City Property, the local authority’s subsidiary company, has sold land at 65/97 Ingram Street to Artisan Real Estate Ltd.

The site, between Candleriggs and Albion Street, is currently a car park and features an iconic wildlife mural on a gable wall.

City Property state: “The development will incorporate residential on the upper floors with commercial units on the ground floor.

“Further details of the proposals will be made available in due course.”

Plans to deliver a 395-bedroom hotel on the site unveiled in 2018 were later withdrawn.