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Derry bar Granny Annies for sale with £1.5m price tag

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Granny Annies bar in Londonderry has been put up for sale or let with a sale price of £1.5m (stock photo)

Granny Annies bar in Londonderry has been put up for sale or let with a sale price of £1.5m (stock photo)

Alex Dodd

Granny Annies bar in Londonderry has been put up for sale or let with a sale price of £1.5m (stock photo)

Granny Annies bar in Londonderry has been put up for sale or let with a sale price of £1.5m.

The rental price for the bar, situated on the Diamond, is £150,000 a year and includes all fixtures and fittings but does not include the Granny Annies branding.

The premises were bought by the Granny Annies Group in 2016 from UK pub chain Wetherspoon's, which had operated it as Diamond JD Wetherspoon's.

Granny Annies also operates venues in Limavady, Enniskillen and Belfast.

Listed by EO'C Estate Agents, the Derry property is described as a "large city centre bar/night club and restaurant situated in the Diamond being sold as going concern with full licence".

A spokesman for parent company W&R Holdings said 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," he added.

"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."

He said that W&R Properties held a number of other properties around Northern Ireland, which were leased out. Last year the company leased out another outlet, which had been Electric Annies. It's now been rebranded Rosie Joe's by its new tenant.

But the spokesman added that putting the Derry venue on the market "by no means indicates a move away from hospitality by the company and in fact the two-year plan is to expand operations in selected geographical locations".

"I would point out that the directors will continue to retain the Granny Annies brand regardless of sale or lease as it specifically forms part of the company's long term plans," he said.

According to reports, Tim Martin, Wetherspoon's founder and chairman, said last month: "We would like to go back to Derry if we can find the right building with a garden."

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