The former Superbowl site in Lincoln off Tritton Road has been sold to investors for an undisclosed sum.
As previously reported, the building went up for sale in September and the company later announced the closure, resulting in 18 job losses.
A renowned local investor and developer has now purchased the 2.7 acre site on Valentine Retail Park. The developer has not been disclosed and is currently unable to provide any information with regard to their future intentions for the site.
Tom Strawson of Banks Long & Co, who handled the sale, said: “It was super to be able to secure a sale of this especially large edge of city centre site and we were pleasantly surprised by the strong amount of interest generated from, not only the local and regional market, but from purchasers from London and further afield.
“This certainly shows that the market is somewhat improving and we are particularly optimistic for the forthcoming few years.
“We believe there are number of available future options for the site, which are all being considered. We would expect to hear an exciting announcement in due course.”
The building was originally owned by Odeon Cinemas before they moved onto the Brayford and it became Superbowl.
The property is currently held on a 125-year long lease which was granted on May 3, 1995. The ground rent payable under the lease is a peppercorn and the freehold interest is owned by the City of Lincoln Council.