Savills | 140 Minories, London | Property for sale
Guide price £6,750,000

140 MinoriesLondon

  • Under offer
  • Freehold

Key features

  • Freehold serviced apartments with basement sold off on long lease
  • Comprising 14 apartments, 13 one-bedroom & 1 two-bedroom
  • Well-sized apartments finished to a high standard
  • Benefits from Suis Generis planning use class
  • Offered free of brand and management ties
  • Well-sized apartments finished to a high standard

Freehold serviced apartment building in the City of London

About this property

  • 140 Minories provides investors and operators with an exciting opportunity to acquire a prominent freehold serviced apartment building in the City of London, benefitting from an abundance of nearby transport links and with potential to extend (subject to the necessary consents). The ground floor retail unit and the basement floor are on a long 999-year lease.

    There are 14 serviced apartments within the Property, 13 of which are one-bedroom and a two-bedroom. The breakdown of apartments is presented below (note that there is not a number 13 apartment). There is one lift that services all floors apart from the 5th, which is accessed via the stairs.

    The business trades without front-of-house staff, with guests accessing apartments via a key code entry system at the entrance. There is no reception space, and no food and beverage offering, with no regular staff other than cleaners who come in once a week. The rooms provide all that is needed for guests to cater for themselves, with a small supplementary ‘welcome box’ providing tea, snacks, pasta, and general essentials.

    In 2005, planning permission was granted for a change of use from residential apartments (C3) to Suis Generis. This enabled our client to provide a short-term let facility for the apartments, for a period of less than 90 consecutive days.

Local information

  • The Property is located in the City of London, on the Minories which connects Aldgate High Street and Tower Hill.
  • The Property is very well connected with Aldgate (Circle, Hammersmith & City and Metropolitan lines) and Tower Hill (District and Circle lines) Underground Stations just 150 and 300 metres away respectively. Tower Gateway DLR and London Fenchurch Street train stations are 300 metres away.

Additional information

  • More information is available on request of access to the data room.
  • Viewings strictly by prior appointment with Savills.

Energy performance

EPC Rating TBC