Historic Stafford Cinema goes up for auction – and this is how much it will cost you
Written by The Newsroom on February 1, 2020
An historic cinema is up for auction for more than £300,000 – just eight months after being saved.
Stafford Cinema will be going under the hammer at The Montcalm Hotel in London on Wednesday, February 12, with a price tag of £350,000.
The Newport Road-based venue had been left with an uncertain future when it first closed at the end of 2017.
The three-screen cinema was saved by AJH Cinema but closed again in April 2018.
Owner Sam Lavington said he was hopeful the cinema, which dates from the 1930s, would remain open but said he would have to close if people did not attend.
The 1930s building has undergone a refurbishment programme, and it now features three screens.
It also has seating for 600 customers and is close to the Riverside development, actioners Acuitus said.
David Margolis, of Acuitus, said: “The Stafford Cinema could offer the best of both worlds for landlords and developers.
“It continues to enjoy success as a popular local cinema, but also due to its prominent location, it has the potential for redevelopment and change of use.”
For more information – including other properties – visit acuitus.co.uk/property/3760/
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