Former Edinburgh Filmhouse cinema sold for £2.65m
In February, the administrators reassessed the options after an application to restore the property's alcohol license proved unsuccessful.
It said: "We remained keen to explore a cultural bid and engaged significantly with Creative Scotland as the funding body for all cultural bidders. "Although a further bid was received from a culturally motivated bidder, it was not at a sufficient level and would not have led to a full recovery to the company's creditors.
"Having reviewed options, we decided the right course of action was to pursue a sale on an unconditional basis with a commercial bidder." The Centre for the Moving Image , which also owned the Belmont Filmhouse in Aberdeen, ceased trading last October.The filmhouse building was originally used as a church before being converted into a cinema.
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