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What you need to know about plans to sell former city nightclub
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The former nightclub hosted celebrations for the turn of the millennium
What you need to know about plans to sell former city nightclub
- The building that formerly housed the popular 5th Avenue nightclub in Peterborough has been listed for sale with an asking price of £1.75 million. The property, located in Laxton Square on City Road, is being marketed by estate agents Eddisons as a rare investment opportunity.
- The site served as a county court before it was converted into a nightclub in the late 1980s. It remained a staple of the local nightlife scene throughout the 1990s and early 2000s, hosting celebrations for the turn of the millennium.
- 5th Avenue closed its doors in 2002 and the premises have remained vacant for more than two decades. In its current state, a complete refurbishment is required.
- Current owners have already secured planning permission to transform the vacant space into a modern ‘co-living’ residential scheme. This existing consent allows a buyer to bypass certain hurdles to repurpose the building for high-density housing.
- The structure is substantial in size and is arranged across four distinct levels, including a basement, ground floor, first floor, and second floor. Its layout provides significant potential for various internal configurations during the upcoming renovation process.
- The property is being sold with an active premises licence that permits the performance of music and the retail of alcohol. These permissions allow for operations between 10am and 11pm from Monday to Saturday, with slightly reduced hours on Sundays.
- Marketing materials highlight the building’s status within the city, noting its light-up dance floor as a memorable feature for former patrons. Local residents often associate the venue with personal memories and the peak of the Peterborough clubbing era.
- The sale represents a step toward regenerating a part of the city centre that has been neglected. By converting the former nightclub into housing, the project aims to bring new life and residents back to the Laxton Square area.
READ THE FULL STORY HERE: Iconic Cambridgeshire nightclub building put on the market for £1.75 million
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