Newmarket’s former De Niro’s nightclub has been sold and part of the site is likely to be developed for housing.
The High Street club, was put up for sale by owner Florida-based Terry Lake in October last year with an asking price of just over £2 million.
This week Phil Parsons, director of estate agents Clarke Philips, confirmed the sale of the premises to the Chippenham-based developer the Murfet Group.
The company, which is responsible for housing developments across the Newmarket and Cambridge areas including in Exning, Bottisham and Soham, is currently in talks with planning authority Forest Heath District Council over plans for the site which covers some 24,000 square feet. These include residential development of the rear with negotiations still being held over what might be done with the front of the building which has been a familiar feature of Newmarket High Street since it opened as the Doric Cinema nearly 80 years ago.
The cinema, which had 1,124 seats, closed in 1964 and remained virtually unused for 15 years until it re-opened as The Cabaret Club operating through the 1980s before, as De Niro’s, it established itself as East Anglia’s most successful nightclub venue drawing customers from all over the region.
A spokesman for the Murfet Group said: “We are very pleased to be involved on this scheme, and appreciate what a significant building this is within the town.
“We are and will continue to work closely with the planning authority as well as other stakeholders within the town to ensure we can make best use of this site and hope to be in a position soon to submit our plans for its future use”
Phil Parsons, director of Clark Philips, said: “It has been a pleasure to be involved in the sale of one of the town’s memorable buildings and I look forward to working with Murfet Group on this exciting new development.
Potential buyers or investors can find out more by calling Clark Philips on 01638 750241 or visiting its Kennett office where plans will be on display once they have been approved by the planning authority.