Built in the late 19th century as "Novelty Theatre". Home to the Parsee repertory theatre group and the Victoria Theatre company. From 1907, also used as a cinema by the "Excelsior Cinematograph" company, and was confusingly referred to in advertisments as either "Excelsior Theatre" or "Novelty Theatre". Later, only the "Excelsior Theatre" name stuck. Demolished in the 1970s.

[Subsequently, a new theatre was built on the site, opened 1974 as the "New Excelsior".]