An historic theatre company faces becoming homeless after the building it has occupied since 1929 goes up for sale.

A buyer is being sought for the freehold premises of Bradford Playhouse after the company which owned and ran the theatre went into liquidation last month with debts of £300,000.

It is hoped that selling the premises in Chapel Street, Little Germany, which is valued at about £370,000, will realise enough to clear the debts of The Priestley Centre for the Arts company, which is in liquidation.

Initial interest in the site has already been shown by a couple of parties.

Chris Wood, of Cleckheaton-based Clough Corporate Solutions, has been appointed liquidator of The Priestley Centre for the Arts and last month agreed a deal to secure the short-term future of the theatre, enabling it to continue operating as normal.

As part of the arrangement a newly-formed company, Be Wonderful Ltd, was granted a license to trade from the premises and honour existing bookings while the property is for sale.

Clough Corporate Solutions is working with property consultants Michael Steel & Co to find a buyer for the building. But there is no guarantee that, if sold, it will remain as a theatre.

Mr Wood said: “The property potentially lends itself to a wide range of uses and appeals to both investors and occupiers alike, who might want to consider alternative uses for it.

“However, the building has played a key role in Bradford’s cultural heritage since 1929, so it would be fantastic if a buyer could be found that would rejuvenate the theatre.”

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