The embattled Charles Cryer Studio Theatre in south London is to be brought back into use as a community arts centre.
Local start-up company CryerArts Ltd won a bidding process to lease the theatre, which is located in Carshalton, from Sutton council.
According to a press statement, CryerArts intends to use the 125-capacity space for theatre, comedy, music and other events.
The venue went dark in 2016 along with the Secombe Theatre, which is also owned by Sutton Council, after the trust running them went into administration.
In January this year the Theatres Trust warned that the loss of the Cryer would have a “long-term impact” on the local area, amid suggestions that it could reopen but would no longer be used for the performing arts.
Rodger Molyneux, director of CryerArts, said: “We are hugely excited to be given this opportunity. We now enter an intense period of preparation with numerous legal permissions and licences to obtain, the building to rejuvenate, the necessary equipment to install and staff to recruit and train. We hope everyone will be patient for a little longer and we will update on progress very soon.”
Steve Penneck, Sutton council’s lead member for arts and culture, said: “I was hugely impressed by [CryerArts’] plans and enthusiasm for once again establishing an arts venue at the heart of our community. I look forward to the council working in partnership with them in the coming months and years.”
The Secombe Theatre remains dark, with no new operator or plans for the venue confirmed.