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140 Minories & 8 India Street, Rare aparthotel opportunity located in the City of London

Guide Price
£19,250,000

Business rates & charges may apply

Savills, Margaret Street - Hotels
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Key features

  • Aparthotel and restaurant located in a prime business and tourist destination;
  • Situated only 100 metres from Aldgate Underground Station;
  • Comprises 33 high-quality apartments operating under the Kula brand;
  • 140 Minories is a Modernised aparthotel arranged over five upper floors;
  • 8 India Street is an attractive, modern building arranged over lower ground, ground and seven upper floors;
  • Freehold.

Description

The property comprises 33 high-quality apartments operating under the Kula brand. The apartments are let to Stay&Co UK Ltd and guaranteed by Gold Tree Accommodation Limited with 4.7 years unexpired. The passing aparthotel rent of £1,200,000 p.a. subject to CPI reviews (2% & 5%) with the next review in 2026. The property also comprises of a 1,982 sq ft restaurant in 8 India Street let to JSTG Associates Ltd with 8.4 years unexpired with a passing restaurant rent of £45,000 p.a. subject to 5 yearly upwards-only open market reviews with the next review in 2027.

The property boasts excellent connectivity with Aldgate, Aldgate East and Tower Hill Underground Stations all located nearby. London Fenchurch Street Station and Tower Gateway DLR are in close proximity providing convenient access to the rest of London and beyond. The nearby Elizabeth Line at Liverpool Street also offers quick access to Heathrow Airport, enhancing the location’s appeal to a global market.

Brochures

140 Minories & 8 India Street, Rare aparthotel opportunity located in the City of London

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Aldgate Station0.1 miles
  • Fenchurch Street Station0.1 miles
  • Tower Gateway Station0.1 miles

Notes

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Disclaimer - Property reference C577CFBE-1982-4882-A1DF-658E9E2EFC7D. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Savills, Margaret Street - Hotels. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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