Pembroke Street, London Land for sale

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Pembroke Street, London Land for sale

Pembroke Street, London
£1,950,000

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 has previously had planning consent for 13 new-build flats and features a five-story building with a basement, which was partially excavated and has potential cost savings. The site is located on Pembroke Street, near its junction with Earlsferry Way, and is surrounded by thriving community and premium property values. With a similar footprint to the previously consented scheme, the new development is expected to achieve a resale value of around £8,750,000, subject to planning, based on a similar pound per square foot to a nearby development that achieved £1,031.27 per square foot.