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Iconic haunted Richmond Regent Theatre for sale

Property Markets / Transactions

Australia

Mar 26 2017

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Richmond’s legendary “haunted” Regent Theatre is set to attract significant interest from buyers seeking a unique opportunity, according to agents Matrix Property Group, Sydney’s leading residential development site specialist.

Prominently located at 145 Windsor Street, the approximately 1,175 square metre site presents a rare opportunity for buyers to acquire a part of Australia’s cinematic history with the theatre having operated for more than 80 years.

The Hawkesbury Gazette reported in 2016 that the Regent Theatre has its very own phantom according to many who have worked there and visited the cinema, a ghost that lingers in the stairwell, thought to be the ghost of a lady who fell to her death there in the 1930s.

“We expect significant interest in the theatre - unique offers like this don’t come along every day. It is an eccentric category that is so niche and we think someone connected to the film industry or a lover of cinema will be drawn to it,” said John Chancellor, of Matrix Property Group.

In addition to its ghostly reputation, the theatre has an interesting history. Originally owned by Michael Walsh, The Regent Theatre first opened in 1935 with a production “My Heart is Calling.” His daughters ran the theatre from 1948 until 1976 when it was sold to television personality Mike Walsh, who, despite his surname, was not related to the owners.

Mike Walsh restored the theatre, enlarging the vestibule and relocating the front doors, and it was used for both movie screenings and live presentations. In 1989 it was sold to current owner John Levy, who created the twin cinema and reopened it in 1993.

The property features a two storey twin cinema in a 1930s art deco/Spanish mission architectural style by Herbert & Wilson, reminiscent of Parramatta’s Roxy theatre which had also been designed by the duo. The property is listed as a heritage item in Hawkesbury LEP 2012.

It has historical significance as an operating movie theatre, retaining an ‘olde worlde charm.’

The theatre currently has two separate auditoriums each fitted with a Barco digital projector providing seating for 261 and 287 patrons respectively. One cinema features a ‘Crying Room’ for ‘mums and bubs’ and the other has a separate upstairs lounge.

“While we think a movie buff will buy the theatre, it could also be suited to a diverse range of other uses,” Chancellor said.

Currently trading as Regent Twin Cinema, it delivers profitable trading cash flow with the potential for redevelopment with Council approval. Potential uses could include tourism, entertainment, community or place of worship.

The award-winning cinema was Business of the Year at the 2014 Hawkesbury Local Business Awards.

For sales enquiries please contact John Chancellor on 0412 888 839 at Matrix Property Group.

SOURCE: Press Release

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