A TOWN centre building which houses a popular cinema - set to be auctioned off this week before last-minute talks - has had its long-term future secured after operators struck a deal to buy it.

Parkway’s building, on Eldon Street, has been rented since 2005 but was due to be auctioned by Mark Jenkinson and Son on Tuesday.

However, director Rob Younger told the Chronicle negotiations held prior to the auction were successful.

“Following lots of uncertainty, we are absolutely delighted to announce that we purchased the freehold of the lovely old building, thus safeguarding its future.

“As many were aware, the landlord placed the building into auction.

“Luckily we have managed to raise funds so we can now categorically state that the cinema will remain open and we will continue with our mix of current films, classics, 35mm and 70mm shows and of course live stage performances.

“We are absolutely delighted.”