Wed, 07 Mar 2012 | COMMERCIAL PROPERTY
A former Odeon cinema in Colchester has gone on sale for a reported £1.5 million.
The property in the Crouch Street area has been derelict for ten years and local businesses are said to be pleased about the move as many felt the building had become an eyesore.
Property firm Whybrow is marketing the 1931-built property, which closed down when a new multiplex cinema was built in Colchester. It originally seated 1,446 people and in its heyday it featured a café and a Wurlitzer organ. After 1990, the cinema had an additional three screens constructed, bringing the total number to six.
Peri Leisure currently owns the property and had investigated the possibility of turning it into a nightclub. However, the plans were refused at appeal.
Ewan Dodds, managing director of Whybrow, believes the property offers tremendous potential for investors. He commented, “This is a remarkable opportunity to offer one of the town’s most eyecatching buildings. And the tremendous space the building, which is not listed, provides lends itself to such a wide variety of uses, or redevelopment subject to planning if necessary.”
One local trader told the Daily Gazette, “It is a beautiful building, but it is an eyesore and I would love to see it turned into something.”
The company is an automatic and industrial door supplier, installing a variety of systems, including but not limited to, automatic doors, fire resistant shutters, entrance barriers, roller shutters and garage doors.
Well-established company operating for over 23 years. Offers a range of driving positions, which include day runs, local runs, local shunting, nights out and tramping.
The company is a business-to-business wholesaler of cask ales, continental lagers, and craft cider. Since its establishment, the business has cultivated strong relationships with high-profile and local breweries, gaining exclusive access to their pro...
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