As at 23 April 2001, the Capitol is the only atmospheric theatre to survive substantially intact in Australia. The structural fabric of the Capitol Theatre has a remarkable history of adaptation, reconstruction and restoration to accommodate changing uses. First, as the new Belmore Markets in 1892–93; then as a permanent circus venue (Hippodrome) for Wirth Brothers and an office and shopping block in 1913–16; finally in the conversion of the Hippodrome to an atmospheric theatre for Union Theatres Limited in 1927–28. Capitol Theatre was listed on the
New South Wales State Heritage Register on 2 April 1999 having satisfied the following criteria.
The place is important in demonstrating the course, or pattern, of cultural or natural history in New South Wales. The structural fabric of the Capitol and Manning Buildings have a remarkable history of adaptation, reconstruction and restoration to accommodate changing uses. First, as the new Belmore Markets in 1892–93; then as a permanent circus venue (Hippodrome) for Wirth Brothers and an office and shopping block in 1913–16; finally in the conversion of the Hippodrome to an atmospheric theatre for Union Theatres Limited in 1927–28.
The place is important in demonstrating aesthetic characteristics and/or a high degree of creative or technical achievement in New South Wales. The buildings now on the site: Watkins' terrace, the Capitol Theatre and the Manning Building, together with the adjacent former Commercial Bank and Corporation Building in Hay Street, form a largely nineteenth century enclave, modest in scale, homogenous in alignment and lively in detail, which makes it a precinct of considerable townscape quality.
The place possesses uncommon, rare or endangered aspects of the cultural or natural history of New South Wales. The Capitol is the only atmospheric theatre to survive substantially intact in Australia. == See also ==