The inn was built at the rear of the square in 1793-94 for Mr John Land on the site of the Oxford Inn, which had closed in March 1790. The New London Inn opened on 17 July 1794.
Charles Dickens and the New London Inn.
I took a little house for them this morning, and if they are not pleased with it I shall be grievously disappointed. Exactly a mile beyond the city on the Plymouth road there are two white cottages: one is theirs and the other belongs to their landlady. I almost forget the number of rooms, but there is an excellent parlor with two other rooms on the ground floor, there is really a beautiful little room over the parlour which I am furnishing as a drawing-room, and there is a splendid garden. The paint and paper throughout is new and fresh and cheerful-looking, the place is clean beyond all description, and the neighbourhood I suppose the most beautiful in this most beautiful of English counties.
Trade declined during the 20th century, and the New London Inn was sold to Associated British Cinemas Co. It closed in November 1935 and the furnishings and fittings sold. The building was demolished to make way for the Savoy/ABC Cinema in 1936.