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The venue has been sold to property developers...

UK clubbing institution Sankeys Manchester is set to close with immediate effect.

The Beehive Mill Building in which the nightclub is located has reportedly been sold to property developers, after being listed by real estate agent Savills UK several weeks ago.

Staff of venue received a text message today informing them of the news, along with a formal email statement from Tony Hill, managing director of the club's owner, Radius Security.

In the email, Hill writes, "As you are aware we have been in negotiations with the property management agents of Beehive Mill for some time with regards to the lease for Sankeys.

"It has become apparent that the reason that they haven't issued a new agreement is due to the fact that the entire building has been sold to a residential property developer who intends to turn it into apartments.

"With that, it is with great regret that we must close Sankeys with immediate effect."

"On behalf of the directors and management team can you please pass this message on to those that it affects and apologise for how suddenly the change in circumstances has taken place.”

Only Sankeys’ Manchester branch will halt operation, with Sankeys Ibiza and Sankeys East set to remain open.

[Via Manchester Evening News]