The Waterpoint was built to supply water for steam locomotives at St Pancras Station. It was originally located outside the train shed, to the east of the railway tracks. It was designed by the office of Sir George Gilbert Scott, architect of the Midland Grand Hotel at St Pancras.

Although listed in 1974, the Waterpoint was in poor condition, and its future was uncertain as it was in the way of the proposed Channel Tunnel Rail Link. Fortunately, a project was conceived to separate the building into three sections and reassemble it in a new location overlooking St Pancras Yacht Basin. Fully refurbished, it opened in 2005.

The Waterpoint is owned by the London Historic Buildings Trust, leased to the Canal and River Trust,  and used by the St Pancras Cruising Club. The viewing platform in the former water tank offers an excellent outlook over the King’s Cross neighbourhood. Formerly derelict industrial and rail land, it is now a lively mix of offices,  education, housing, shops and entertainment, set within new public spaces.