In 1992 the Theatre Royal closed completely and was soon on the market for sale. Initially it failed to attract a buyer .In April 2000 a group of Hyde residents achieved success when the Theatre Royal was awarded listed building status, following the threat of demolition to make way for a housing development. The group who named themselves "Theatre Royal Onward" succeeded in gaining listed status on their first attempt, and hence saved the building from the bulldozers. The theatre is presently owned by an investment company. It is in need of extensive repair and restoration to return it to its former glory and enable the doors to open again.
A sad sight for many - The Theatre Royal in a derelict state.
If you'd like to keep abreast of what is happening with the Theatre Royal building please take a look at this website which is run by the group who are fighting to re-open it.