New owners set to announce 'exciting plans' after popular Shrewsbury restaurant sells for nearly £500k
The mystery new owners of a top Shrewsbury restaurant are set to announce plans for its re-opening, nearly eight months after the business closed.
The Terrace Charcoal Grill and Lounge Bar restaurant on Smithfield Road in Shrewsbury announced its shock closure in October 2024 after the owners said the business had been experiencing financial difficulties for around six months.
The building was put up for sale with a £500,000 price tag earlier this year, but has now been snapped up by undisclosed new owners, who say they intend to reveal their new plans for renovating the building shortly.
The Terrace restaurant had opened its doors in July 2023 following a two-year effort to transform the site, on the banks of the River Severn, from its former use as Lily's Riverside Tea Garden.
The business had previously been closed for several years before being taken on by husband-and-wife team James and Wendy Yurky plus two other business partners in 2011.
