Peterborough’s Broadway Theatre, which closed in 2011, is again being advertised as up for sale.
The Broadway Theatre reopened in February 2011, having initially gone dark in 2009, but closed again only six months later, soon after it had emerged that Paul Parker, chief executive of StageLive, the company running the theatre, was in fact the disgraced producer Paul Coxwell, who had been jailed for VAT fraud amounting to £500,000 in 2009.
The theatre shut in August 2011, leaving visiting producers and suppliers owed hundreds of thousands of pounds.
The venue is now being advertised by estate agent Acorn Development as available for £2.8 million, stressing that the site “would be considered suitable for continuation of its previous use as a luxury theatre and or cinema, hotel conversion, church [or] car park conversion, etc”.
However, owner Rinaldo Fasulo denied the property was up for sale. This marks the second time that the venue has been advertised for sale but Fasulo has denied it was on the market.
In 2011, Fasulo said the property was not for sale, claiming an estate agent had made a mistake, despite the publication of a brochure offering the site to potential buyers and the venue featuring on the site of estate agent Jaysim Property Search. At that time, the theatre was priced at £6 million.
Speaking to The Stage after a different agent advertised the venue this time, Fasulo said: “That’s not true. I spoke to one bloke and said, ‘Don’t do nothing without talking to me’, and he’s gone ahead and done all this… he shouldn’t put that out. It’s not for sale at this stage. I haven’t agreed anything. I haven’t given the go-ahead.”
Further details are available at www.theatreforsale.co.uk.