The premises opened as The Regal in 1928, 4 years after the Gleneagles Hotel and operated for over 50 years as a 580 seat cinema. The original cinema included shops either side of a grand Art Deco foyer with a tea room at first floor, accessed by an ornate stone stair with sweeping metal and oak banister and balustrade. Above the auditorium is a magnificent vaulted tin roof, adding to the grandeur that once was. Although not in good decorative order now, the layout is the same and the fabric and integrity of the building have been maintained by the long-term owners, as they operated an antiques shop and store from the premises. The large building offers great potential. There are asset management opportunities in letting the two shop units and main auditorium, taking advantage of the reported unrestricted Class 1 retail consent. There are development opportunities with retail reconfiguration or through an existing Planning Consent (believed not to have elapsed) for the demolition of the existing building and the development of 8 flats and a further 3 in the grounds to the rear