Sydney's iconic venue 'The Basement' to close
Will there be an 11th hour reprieve?
PHOTO: The last Sunday evening performance at The Basement in Sydney. (Instagram @vincenthoooooo)
The Basement is set to close in late March, after negotiations to sell the venue failed. Landlord AMP Capital said they had agreed to end the lease early. The Basement faced trading difficulties. Saddled with an astronomic rent north of ten grand a week, the venue needed a lot of sales to turn a profit. READ MORE>