The former Rex Theatre, which now homes Dimmeys variety store, may be up for grabs.
It was recently reported the chain was closing, before a backflip decision to stay open in buildings it owns.
A spokesperson of Dimmeys said the company were wanting to trade solely in Victoria but can’t keep the building they have owned for the past 20 years empty.
The spokesperson also revealed that Dimmeys was keen to either sell the building or rent the premises to another business.
As it was formerly known, Rex Theatre was opened on October 9, 1936.
Seating in the auditorium was provided in a stadium style, with a raised section at the rear.
Since closing in 1964, the building has been used as a Dimmey’s clothing store and the auditorium retains its original decorations, and even the main stage curtains (installed in front of the proscenium in the 1950s for CinemaScope) remain, albeit swept upwards to keep them out of the way of customers.
Behind these curtains, the original proscenium is intact.
All of the vivid yellow and red Art Deco stencilled motifs remain on the walls, proscenium and ceiling.
The Rex Theatre has seen number of different industries occupy its premises since the closing of the theatre with some being a secondhand goods store and a roller-skating rink.
There is little possibility that it will ever be returned to its original use.