The Peterborough Evening Telegraph
Deal close for sale of Broadway
A deal is close for the sale of Peterborough’s iconic Broadway theatre to an unknown party, according to estate agents. It also emerged that owner Rinaldo Fasulo is still in talks with the city council over a possible sale.
The future of the Broadway Theatre is uncertain despite an estate agents saying an offer had been accepted on the iconic building. A spokesman at estate agents City and County told the Peterborough Telegraph that a bid had been accepted for the theatre, Broadway. However, owner Rinaldo Fasulo is also said to have been still in talks withPeterboroughCityCouncil’s chief executive andleader over a possible sale.
Told that the deal was currently progressing, council leader Councillor John Holdich told the PT: “I find that A generous benefactor has stepped into save a Peterborough pub by forking out more than £200,000.
Purchaser Michael Evans was swayed by his love of real ale when he bought the Hand & Heart in Highbury Street, Millfield.
Th e Br is t o l re s i d e nt absolutely amazing because when you rang Rinaldo was in my office talking to me and [chief executive] Gillian Beasley about the council’s position on the Broadway. He wants more money than the council bid and we agreed to keep talking, no more than stepped in despite a crowdfunding campaign of more than five months from city residents looking to preserve the pub’s future.
The campaign was l ed by Matthew Mace (45) of All Saints Road who said Michael is friends with the pub’s husband and wife managerial that. There was no hint it had been sold.”
Cllr Holdich said both parties had agreed to provide the other with further information, but that the council’s offer was millions of pounds below Mr Fasulo’s valuation.
The council leader added that hewouldbedisappointed if the theatre had been sold.
The PT reported in July that architects had put together eye-catching designs for a multi-million pound redevelopment of the theatre in Broadway which could see it converted into more than 50 luxury apartments.
The theatre was then on the market for around £4 million. Meanwhile, councillors will next week discuss a motion put forward by Cllr John teamof Paul andSusanBrammer.
He added: “It’s great we are going to retain and pub and that the owner has long-term plans for it. It’s all positive from my point of view. I met the owner on Tuesday night and he is very enthusiastic.”
Matthew said the peo- Peachforapreservationorder to be put on Broadway.
Cllr Peach said: “I would like to see the council doing whatever it can so the building continues to be used as a quality entertainment and theatre venue.”
Peter Lee, committee member of the Peterborough Civic Society, said: “We would certainly be supportive of any move to keep the building in its present use.”
Cllr Holdich said a preservation order would allow for the building’s use to be changed but not its appearance.
And he warned the order wouldnothelpkeepthebuilding as a theatre.”
ThePThastriedtocontact Mr Fasulo. ple who had invested for the crowdfunding campaign would get their money back.
New owner Michael said: “I am very glad to have had the opportunity to purchase aclassic back-street local with such an excellent reputation forrealale. LongmaytheHand & Heart stand!” Most include DB&B accommodation at resort, excursion programme, luxury coach travel & our door-to-door collection service. Oct Norfolk Magic – 4 Days Fri 21 Fri 9 Dec Champagne Country Christmas – 4 Days Fri 30 Dec New Year in Eastbourne – 4 Days Tue 24 Jan London 2 for 1 Theatre Break Dreamgirls & Wicked – 2 Days Thu 23 Feb Menton Lemon Festival & Nice Carnival – 8 Days Fri 24 Feb Albert Docks, Penny Lane & the Rows – 3 Days Mon 6 Mar Springtime in Paignton – 5 Days Fri 17 Mar Brooklands Museum & Hampton Court – 3 Days Sun 26 Mar Sunday Night at the Waldorf, London – 2 Days Mon 27 Mar Delightful North Devon – 5 Days Mon 3 Apr Exploring Mid- Wales in Style – 5 Days Fri 14 Apr Easter in Worcester – 4 Days Sun 9 Oct Autumn Colours of the New Forest Sat 19 Nov Manchester Christmas Market Sun 27 Nov Birmingham Christmas Market Sat 3 Dec Arras Christmas Market Sat 3 Dec Christmas Lunch on the Thames Sun 4 Dec Rochester Christmas Market Sun 11 Dec Hyde Park Winter Wonderland Wed 14 Dec Thursford Christmas Spectacular Evening Show Sat 21 Jan Strictly Come Dancing Live Tour Birmingham NIA Wed 25 Jan World Indoor Bowls at Potters Inc lunch Thu 26 Jan London Show – School of Rock Wed 8 Feb London Show – Dreamgirls £28.50 £20 £50 £61 £25 £25 Raised Side Seat £59.50 £72 £37 £64.50
£61