The Isle of Wight Council is poised to sell the former Ryde Town Hall to an events company in a deal that would also see the new owners re-open the venue as a theatre/live entertainment space and retain and operate the Lind Street public toilets at their expense.
Ryde Theatre (pictured) is set to re-open as an entertainment venue.
The terms of the arrangements are contained in a delegated decision report published today (Wednesday).
The document also details how, under the sale, public access to the historic 1897 organ installed to commemorate the Diamond Jubilee of Queen Victoria, would be retained.
The council, which will retain responsibility for the war memorial which forms part of the building’s frontage, will also receive £400,000 from the sale.
Grade II listed Ryde Theatre was put on the market for a second time late last year after previous plans by a local musical organisation to run the building as a venue and music college foundered.
Though the terms of sale did not stipulate re-opening the building as a venue, two bids proposing to do that were received and it is the highest of those – also undertaking to run the Lind Street toilets – which officers are recommending is accepted.
The delegated decision report can be viewed on this website link.
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