Edinburgh's Rose Theatre is Up For Sale For £3 Million

Rose Theatre is owned and run by acclaimed international director and choreographer Peter Schaufuss who also owns Saint Stephens with the Ian McKellen Theatre and Ashton Hall, where he presented a new version of 'Hamlet' starring Sir Ian McKellen, that was one of the biggest hits of last year's Fringe festival.

"Running two amazing year-round venues has just become too much for me," he said. "I want to concentrate on transforming Saint Stephens into a world-class venue, my vision when i first saw the building in 2014, purchasing it in 2017. I am a creative person not a landlord - and that's what i have become by default.

"This is a unique opportunity to obtain one of the most significant buildings along Edinburgh's world-famous Rose Street in the historical New Town, I sincerely hope that it will be bought by another creative operator within the industry that can take the venue further forward."

Schaufuss, an Olivier, Evening Standard and Edinburgh Critic's Award-winning choreographer, director and widely recognised as one of the most talented male dancers on the international stage, bought the Rose Theatre in 2016, and spend over £1 million transforming it into a successful multi-stage venue.

The Grade B listed Rose Theatre is an end terraced stone and slate building that was built in 1912. The property was originally designed and built as a place of worship. The property obtained planning permission listed building consent to be converted into a Theatre/Arts/ Cultural Centre in 2017 after undergoing extensive renovations.

The property has five levels featuring a basement theatre and bar, the ground floor foyer with box office and theatre cafe, first floor cabaret bar, main theatre, and third floor rehearsal spaces and dressing rooms, with a self contained caretakers flat with stunning uninterrupted views of the castle.

The venue has a License (including a late 3am licence Friday and Saturday during the Fringe and Hogmanay) and has a proven record of accomplishment of attracting many successful national and international productions and Festivals.

The estate agent Rettie of Edinburgh are seeking offers of more than £3m. A three-bedroom apartment at 150 Rose Street Lane opposite the Rose Theatre stage door is also available by separate negotiation.

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