Nirvana, Radiohead, Coldplay and Oasis all once drew the crowds there when it was known as THe Venue

Now the Calton Road warehouse is about to be reborn as the UK's biggest privately-owned art gallery outside of London.

When the Ingleby Gallery opens its foors next week, the building won't be completely abandoning its rock 'n' roll heritage.

THe new gallery promises to bring a little of the punk attitude to the art world, with challenging work from Turner Prize winners and even the odd rock band on the agenda.

With the Capital already basking in the glow of acquiring the £125 million Anthony d'Offay collection of contemporary art, not forgetting the National Galleries and the fact Edinburgh is already home to more private exhibition spaces than any UK city outside London, it begs the question - is art Edinburgh's new rock 'n' roll?

The new 60000sq ft Ingleby Gallery - owned by Edinburgh couple Richar and Florence Ingleby - promises to be a daring addition to the scene.

"For a city of Edinburgh's size, there really are so many great galleries. It's wnderful to be part of", says 41-year-old Richard.

But the Inglebys are determined to make their own mark with their latest project, ensuring they stand out from the crowd.

They are starting with a giant advertising billboard which has proudly been attached to The Venue for years, clearly visible to all who stroll along Calton Road. Locals, affectionately call it the "Goldfrapp poster", for it displays a massive advrt for the band of that name.

But by Thursday, when the gallery opens, it will be goodbye Goldfrapp and hello to many leading international artists, as the billboard becomes display space for bespoke works of art.