The Granville Theatre in Ramsgate was designated as an asset of community value in October 2019.
Bids were invited from parties who wished to undertake a Community Asset Transfer, but none of the bids met the required criteria.
Following this, Miles & Barr Commercial was appointed to market the Granville Theatre for sale, to ensure that the building could be fully refurbished by new owners and given a new lease of life as a venue for community activity. A total of 24 property viewings were held, and nine formal offers were received.
All of the offers received have now been reviewed according to a robust evaluation scheme which looked at the financial offer, the social and economic benefits of each bid, experience of land or property management, and the extent to which the bids supported council priorities for employment generation and community engagement.
Five bids have been selected to progress to the next stage, which involves an interview with the project team. Following the interviews, we will recommend one of the bids, and begin the process of due diligence and the legal transfer of the building to the new owner. The four bidders that were not shortlisted have been notified that their bid was not successful.
Once the selection process has been completed, we will communicate the exciting project that will be at the heart of bringing the Granville Theatre back into use as a hub for community events and the performing arts.