Seven Dials Playhouse, a 100-seat theatre located in London’s West End, has been put on the market.
The long-term lease of the building, which is currently held by Seven Dials Playhouse Limited, is listed for sale at £4,020,000 as a virtual freehold interest.
The listing states that if the lease is acquired, the property would be leased back to Seven Dials Playhouse at a rent of £300,000 per year for 15 years.
Formally the Actors Centre, the venue was founded as a space prioritising actors’ training and development. It was rebranded to its current name in 2021.
The news of the sale has been criticised by several parties in the sector. Equity’s General Secretary Paul Fleming is among those who has demanded answers as to why the building has been listed.
“We need to get some answers about why the Seven Dials Playhouse are selling the lease on the building, a building bought by actors for actors to deliver affordable, accessible training way back 50 years ago,” Fleming said.
“It’s a vitally important part of our infrastructure to keep our industries representative and to keep the workforce, particularly the workforce at rest, in the game.”