Electric Theatre - Preliminary Market Engagement Notice

What the buyer says

The Electric Theatre is an iconic and historic building in the heart of Guildford, originally built as an electricity works in 1913 and converted into a theatre in 1997. The venue is currently vacant, with Guildford Borough Council assuming full responsibility for the building and its associated holding costs. The Council has undertaken a programme of technical surveys and stakeholder engagement to establish a clear evidence base to inform the future of the asset, confirming both the significant cultural value of the venue and a strong community aspiration for its continued use as an arts and performance space. The Council intends to appoint an operator or leaseholder to run the venue on a lease or concession basis pending final classification and is undertaking preliminary market engagement to understand market capacity and appetite among cultural, community and commercial operators before finalising its procurement route and minimum requirements. This is not a call for competition and does not commit the Council to commence a procurement process.