The Continental Cafe has closed its doors for the last time; though
there are reports of two new operators looking into reopening it.
Then again, if the result is anything like what happened with the
Valhalla Cinema (which used to play a lot of cult films and do a roaring
trade with students and people with 3RRR stickers on their cars,
until the landlords forced the owners out, took over,
and reopened it as a rather blah suburban cinema which shows very few films,
most of them either disnannies or Working Title britcoms), they
may as well not bother and turn the place into yuppie apartments or clothing
shops straight away.