The National Theatre is a 783-seat Australian theatre and theatrical arts school located in the Melbourne bayside suburb of St Kilda, on the corner of Barkly and Carlisle Streets. The building was constructed in 1921 as The Victory Theatre (3000 seat cinema), rebuilt as 2550 seat cinema in 1928, finally converted to a live venue in 1972/4 with 783 seats. The stalls seating was converted to studios and rehearsal rooms for the schools.