Parties sing up over The Studio

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ESTATE agents have received a “number of inquiries” for a popular music venue which went on the market.

Property experts are delighted The Studio, in Tower Street, has caught the eye of potential buyers – avoiding the risk of the historic building becoming derelict.

Bosses at Greig Cavey Commercial, based in Hartlepool, say the interested parties are looking at the venue for “a variety of uses” but won’t reveal exactly what they are at this stage.

Simon Cavey, director at the commercial agents and property management firm, said: “It’s a good quality building which was completely refurbished around 15 years ago. It’s got a good heating system and for a building of its age it’s in first-class condition.”

The Mail revealed earlier this month how the music venue will close at the end of this year unless a buyer comes forward after Hartlepool College of Further Education and Cleveland College of Art and Design gave notice on the lease.

College bosses blamed the “harsh economic climate” for their withdrawal just two years after they saved The Studio from the brink of collapse when it fell into voluntary liquidation.

Phil Swinburne, chairman of The Studio’s trustees, remains hopeful the venue will be bought.

He described The Studio as the “best thing to happen in Hartlepool since the Rink”.

The asking price is £200,000 and the estate agents say they expect a deal to go through in the next three to six months.

Mr Cavey added: “I hope we can get as much money as possible to benefit the charity.

“It’s always difficult to say how long the sale will take, it might go through in the next month, it might take a lot longer.