London’s West End has a preponderance of theatres, but it’s a rare occasion that one of them actually comes up for sale.
The Theatre Royal Haymarket, a Grade I listed building in the heart of the West End, has been leased by Louis I Michaels Ltd since the early 1970s, and there is 68 years remaining on the lease.
Arnold Crook, the Chairman of Louis I Michaels Ltd, has decided to sell now because this “is the year I become an octogenarian and there comes a time when life moves on.”
Crook said of the playhouse: “The Theatre Royal Haymarket is historically and architecturally one of the most beautiful theatres in the world, and although it is very sad for me to say goodbye, it is now time to hand over the reins to the next generation of dream-makers”.
The majority of the other theatres in the West End are owned by larger companies, such as the Really Useful Group.
The freehold of the Theatre Royal Haymarket is owned by the Crown Estate. Whoever is lucky enough to buy this theatre will have acquired an architecturally important and commercially successful piece of West End heritage.
For more information, click the link below: