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Pembroke Street, London Land for sale
Pembroke Street, London
£1,750,000
Pembroke Street, London
£1,750,000
Our Summary
- Therefore, with a similar footprint as previously consented the resales for the new scheme should be in the region of £8,750,000 subject to planning
Description
A prime development site is available for sale in the heart of Kings Cross, near the vibrant regeneration area. The 0.0428-acre site, located on Pembroke Street, previously had planning consent for 13 new-build flats and features a partially excavated basement with ring beam and footings. With a five-story building approved, the site offers a potential cost savings due to the existing foundation work. Kings Cross is a highly sought-after location with premium property values, and a similar new build scheme in the adjacent road achieved £1,031.27 per sq ft. Assuming a similar standard and market conditions, the resale value of the new scheme could be around £8,750,000, subject to planning.