The Edinburgh International Film Festival, the Filmhouse and Aberdeen’s Belmont cinema were closed down after the Centre for the Moving Image, the charity which owns and operates them, appointed Mr Griffin and Mr MacLennan of FRP Advisory as joint administrators last month.

Mr Griffin said: “We anticipate a high level of demand for this outstanding development opportunity within Edinburgh’s financial and cultural quarter.”

The property originally constructed in 1830 extends over ground, mezzanine and first floors, comprising 20,068 sq ft in total. Some beautiful features are retained within the building, including a 12 panel segmental ceiling in what is currently Cinema One. The accommodation also incorporates Cinemas Two and Three, the Film Guild clubroom, box office, café/bar and kitchens.

Danielle Corker of Savills Development said: “This unique property, most recently trading as the Flmhouse, was the headquarters of the Edinburgh International Film Festival and holds a special place in the hearts of the capital’s culture lovers and regular film goers.

“The building has ‘assembly and leisure’ Planning consent, and it would be wonderful if it could remain part of the city’s cultural offering, along with its close neighbours The Usher Hall, and the Lyceum and Traverse theatres.

“However, its position adjacent to Festival Square, home to commercial and financial enterprises, as well as multiple bars and restaurants, means the building could suit a number of alternative uses, subject to obtaining the necessary consents.”

A closing date for offers has been set for 12 noon Wednesday 7th December.