A spokesperson said: “We can confirm the site has now been placed on the market, and expressions of interest or enquiries are welcomed through FHP Property Consultants.
“As a college group, education remains our absolute priority, and we are pleased that a strong and sustainable performing arts provision in Melton is being secured through the development of a new cultural hub, which will ensure the long-term future of our course.
“All theatre bookings for 2026 are expected to proceed as planned.”