Commercial · For sale

224–232 St John Street, London – Prime Long-Income Office Investment

224–232 St John Street, Farringdon, London, Greater London, EC1V 0AZ

Guide price £20,570,000

Floor area

1899 sq m

Tenure

Not specified

Added

18 Oct 2026

About this property

224–232 St John Street has been comprehensively redeveloped to provide a state-of-the-art headquarters building with sustainability at its core. Total redevelopment cost was £10.5 million (£514 per sq ft overall), with works completing in July 2026. The landlord funded Cat A works at £6.4 million and the tenant, Thirdway, funded Cat B works at £4.1 million, overseeing the entire refurbishment. • New façade to St John Street comprising English brick and reconstituted stone at ground floor • All new fenestration; full-height glazed infill to former loading bay; new glazed rooflights to ground floor and roof-terrace staircases • Brand new M&E throughout, including VRV air conditioning and new passenger lift • New Cat A offices and feature staircase linking ground to second floor • Landscaped roof terrace with external kitchen, AV screen and electrically operated retractable canopy • New reception and end-of-trip facilities in the lower ground floor • Exceptional Cat B fit-out, including golf simulator and high-performance gym

Key points: - Freehold title NG619042 — prominent HQ in Clerkenwell Green Conservation Area (not listed). - Single-let to Thirdway Interiors Ltd (guaranteed by Thirdway Holdings Ltd) FRI to 5 January 2038, no breaks. - Comprehensively redeveloped 2026 at £10.5m (£514 psf); EPC A; all-electric; 4,145 sq ft roof terrace. - Offers in excess of £20,570,000 STC excl. VAT — NIY 6.50% (6.80% purchaser costs); CV £1,006 psf. - Prominent freehold in a prime Farringdon location, within an 8-minute walk of Crossrail (Elizabeth line) at Farringdon. - Diverse local occupier base including Alexander McQueen, Deloitte Digital, LinkedIn and Adidas. - State-of-the-art headquarters totalling 20,440 sq ft NIA (1,899 sq m), plus landscaped roof terrace of 4,145 sq ft (24,585 sq ft including terrace). - Comprehensively redeveloped in 2026 at a cost of £10.5 million, reflecting £514 per sq ft. Landlord Cat A £6.4m; tenant Cat B £4.1m. Works. - Brand new warehouse-style brick façade and expansive roof terrace; exceptional sustainability credentials including EPC A and fully electric. - Single let to Thirdway until January 2038 (11.4 years unexpired) at a passing rent of £1,428,000 per annum (£69.86 psf overall).

Figures are taken from the vendor's particulars and are subject to contract. Enquire through PropSale for the full information pack.

Features

• NIA: 20.4k sq ft
• Passing Rent: £1.43m pa
• Unexpired: 11.4 years