A developer is being sought for a historic cinema building in Cheltenham. The art deco property - known as the Daffodil - was designed by local architect Leonard William Barnard and opened in 1922.
The 750-seat venue was built in Edwardian 'free style', with some Baroque revival elements, according to property group Savills.
It closed as a cinema in 1963 and was converted into a bingo club and then an antique and furniture showroom, before being refurbished into a restaurant in 1998. Following a challenging five-year period, the restaurant permanently closed in 2023.
READ MORE: {}
Situated in Montpellier, the 7,177 sq ft building sits within a 0.136-acre site and is on sale on an ‘unconditional’ or ‘subject to planning’ basis.
The property encompasses two addresses - 18-20 and 21 Suffolk Parade. Number 18-20 has planning permission for any Class E (commercial, business and service) use, granted in January 2024, while 21 Suffolk Parade has permission for conversion to a single residential dwelling, granted in October 2023.
Jemima Upton, a senior surveyor in Savills South Central Development team, said: "The Daffodil is an attractive and prominent building, with a number of character features indicative of the art deco era. Its sale represents a rare opportunity to give a renowned building a new lease of life, through sensitive conversion and/or redevelopment.
LIKE THIS STORY? Why not sign up to get the latest South West business news straight to your inbox.
"Given its location, close to the town centre in the affluent and highly sought-after Montpelier, we believe the property could be particularly well-suited to a residential conversion."
Savills is seeking unconditional or subject to planning offers by midday on Wednesday, June 5, 2024.