The freehold of Wonderlounge, a late-night bar and club in Banbury Oxford, has been sold by Max Bars ltd to a private developer for £400k.

Wonderlounge was previously part of the We Are Dance group which also operated Rewind and YoYo clubs as well as another two venues under the Wonderlounge brand in Sutton and Sevenoaks.

The sale of the site, which was formerly a cinema, was handled by leisure specialists Fleurets.

Chris Irving from Fleurets said “The opportunity to acquire a freehold in the town centre of Banbury appealed to a range of prospective purchasers including developers and restaurateurs. The property was finally sold to a developer looking to convert the upper parts to residential and retain licensed, retail or restaurant use on the ground floor.  The premises were sold off an asking price of £400,000.”