Simpson’s Tavern has been granted asset of community value status by the City of London Corporation after it was "forced" to close amidst a dispute with its landlord.
The restaurant, which claims to be London’s oldest chophouse, was founded in 1757 and is believed to have been frequented by Charles Dickens.
It launched a crowdfunding campaign after it was “forced to close” by its landlord in October.
Simpson’s Tavern’s asset of community value status now means that the eatery cannot be sold without first providing the local community with an opportunity to bid for the building.
The status can be given to a building or land that is deemed to “further the social well-being or social interests of the community” and must be considered when planning permission is sought to redevelop the building.
The application was made by Simpson’s Tavern’s Preservation Society, which is campaigning for the venue.
Chris Hayward, policy chairman at City of London Corporation, said: “Simpson’s Tavern is a City institution frequented by generations of workers and residents who have enjoyed its good food, drink and convivial atmosphere.
“Its long history and deeply rooted status at the heart of the community means that it clearly meets the criteria for designation as an Asset of Community Value, something which must now be taken into account in any decision over its future.”