Originally opened in 1930, the theater survived the Great Depression and entertained thousands of spectators until 1962 when the curtain came down after the final showing of Swiss Family Robinson.

The heritage-listed building was later turned into a soap factory and warehouse, before being converted into 10 apartments on Carrington's main street.

The largest apartment at 10/92A Young Street is for sale with a guide price of $850,000 dollars.

It's the only two-bedroom apartment in the neighborhood; the others are one-bedroom and studio apartments, said Michael Edwards, a broker with Shiels+Co Property.

"This condo is very popular," he said.

It's a unique historical site in the area," he said. Many people of a certain age find it an attractive part of the property.

"It was a soap factory and then a warehouse before it was converted into apartments in 2004.

Mr. Edwards said the apartments have nearly 8-meter-high ceilings, giving a sense of space.

He said Carrington had become a popular inner-city area, where there was still heavy industry but also trendy cafes and stores converted from old miners' cottages.

The listing describes the mezzanine unit as "exquisite" with two bedrooms, a covered balcony, an open-plan living room and wooden floors.

"Many of the theater's original interior features have been meticulously preserved, paying homage to its illustrious past," it said.

"Walking into the theater, you will find yourself surrounded by exquisite decorative panels and the upper and lower corridors are elegantly decorated.

"It offers a unique opportunity to own a piece of history, a place where the past meets the present in perfect harmony."

The apartment is scheduled for auction on August 12th.