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Pub/Bar/Nightclub

Property Housing Derry's Granny Annies Bar Being Offered To Purchase Or Let

By Dave Simpson

The property that houses the Granny Annies Kitchen & Bar venue in Derry is being offered to purchase or let.

The property's purchase price is £1.5 million. Its rental rate is £150,000 a year and includes all fixtures and fittings, but does not include the Granny Annies branding.

The property was purchased by the Granny Annies Group from JD Wetherspoon in 2016.

Testing The Market Place

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The Belfast Telegraph quotes a spokesperson for Granny Annies parent company W&R Holdings as saying that "the directors have decided to list the building as 'for sale/to let' in order to test the market place.

"This comes on the back of various parties showing an interest in the building and also a recent article whereby the JD Wetherspoon's chain have indicated a desire to return to the city in the future.

"Furthermore, with an uplift in the housing market locally in the north-west and the directors having historically a foothold in this sector, they are keen to pursue other investment and development opportunities."

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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