the venue was under threat in November after their landlord decided to sell the building. They also said that they had accrued “rather considerable debts” due to COVID, and that the recent cost-of-living crisis had not helped the situation.In a new statement posted to Facebook, they confirmed that the building had now been sold.
Although they had considered moving to a new premises, they said the business “isn’t viable in its current location”, especially with rising costs, and their last day of operation will be Saturday, March 30.“Unfortunately, the time has cometh.
The building has been sold (pending all the legal stuff obvs). The sale is expected to be complete within 60 days which brings us to the end of March.
We’ve made the decision to call that our final date,” they wrote.“There has been small talk of sticking around but quite honestly, the business isn’t viable in its current location and with costs of literally everything rising constantly, we can’t justify carrying on and just amassing more debt.What up folks!Read more on nme.com