A nightclub which has been at the centre of an investigation into underage drinking is closing.
Storm and Madisons, in Rockingham Road, Corby, will close its doors after its club night on Saturday, with the loss of up to 50 jobs.
Club owner Paul Morgan says the closure is down to a lack of business which is affecting a number of businesses like his.
The former Post Office building was built in the 1940s and has been a nightclub for more than 15 years.
The club was targeted by Northamptonshire Police last March and officers found 57 underage drinkers on the premises.
It lost its licence at a hearing in July, and remained open under appeal.
The appeal hearing was due to take place on February 22, and may yet still happen.
Mr Morgan said: “It’s nothing to do with the licence, it is the fact that there is no business. It is not just us. Luminar, the biggest nightclub operator in Europe, shut down before Christmas.
“I have been pumping money into it and it is not good for business.
“I have been here for 12 years and we have built up quite a decent business. It is quite sad.
“It is not just affecting us – it is every bar and club in the land.”
Mr Morgan said he hadn’t made a decision on whether to continue the appeal against the licence being suspended.
But he said: “I am very confident we can go to court and win.”
Mr Morgan said he would now consider selling the site, for which he owns the freehold.
Old Village resident Jennie Dixon-Nugent, of Tunwell Lane, said: “I don’t like to see anybody losing money in this climate.
“I wish them well, but the neighbours were shocked to find out there were so many underage drinkers there.
“I really think it is a fine building and if the owners can turn it round it could be something more fitting.”
Ray Lilley, chairman of the Old Village Residents Association, said: “I get complaints every week from residents that they are being woken up at 2am or 3am, but you don’t know where people are coming from.
“It should make life a lot better, but if it doesn’t get any quieter, it should make it easier to identify what premises they are coming from.”