The Tokyo Lincoln nightclub on Silver Street has new owners.
The new owner is local Darren Smith, who has taken over the business from Tokyo Industries Limited in the past two weeks.
Darren Smith said he is committed to completing the renovation of the venue, and the company is in the process of getting the designs finalised.
During the transition, the club will continue operating as normal.
A new name for the venue might be set next year.
The costs of the transaction have not been disclosed.
Tokyo Lincoln opened in August 2011 after a £1.5 million renovation. The Grade II listed building stood derelict for 15 years before that.
Since opening, Tokyo Lincoln also refurbished the basement floor of the venue for extra capacity.