The prominent Town Basin building that housed the Love Mussel restaurant has a new leasee and will reopen under a new restaurant concept.
Owners Craig Woods and Sandra McLean-Woods said it was always their two-year plan to look at selling their "vibrant and stylish" restaurant and wine and tapas bar, albeit the sale having been negotiated sooner than they had anticipated.
"We loved creating this restaurant from scratch and seeing where it would take us," said Sandra McLean-Woods.
"It was a big risk to take as the site had been vacant for three years prior to us purchasing it, but that has paved the way for others to follow as we look forward to new challenges and a bit more relaxation," Mr Woods said.
The two-storey original floor plan had a large hole in the central second floor that prevented the restaurant operating to its full potential, but with new internal flooring and an elevator added "it was a great selling point", Ms Woods said.