Car parking space in Cornwall sells for £45,000

Car parking space in Cornwall sells for £45,000 one week after it was put on the market as landowners cash in on soaring interest in the area due to G7 summit

  • Parking space in St Ives, Cornwall, sold for £45,000 ahead of the G7 summit
  • World leaders have gathered in the Cornish resort of Carbis Bay this weekend
  • Spot nearby sold for £45,000 a week after it was listed by Miller Countrywide

A single car parking space in Cornwall today sold for £45,000 as landowners cash in on soaring interest in the area due to this weekend’s G7 summit.

The plot of tarmac in St Ives is tucked away in a small car park on top of a hill which overlooks the celebrated Porthminster Beach.

The area has been thrust into the global spotlight as world leaders – including US President Joe Biden – this week descended on Cornwall for the G7 summit. 

Parking in St Ives has become increasingly difficult to secure as eager British holidaymakers flocked to the picturesque town for a staycation amid the pandemic.

The parking space in St Ives (above) is tucked away in a small car park on top of a hill which overlooks the celebrated Porthminster Beach

The spot near Porthminster Beach (highlighted in red) sold for £45,000 just a week after it was listed by Miller Countrywide

The spot near Porthminster Beach sold for £45,000 just a week after it was listed by Miller Countrywide.

It is believed to be the largest sum ever paid for a single parking space in St Ives.

The parking space is less than half a mile from the beach and is walking distance from the sought-after town’s restaurants and Tate art gallery.    

In its listing, Miller Countrywide said: ‘A parking space for one vehicle. Situated in town close to local amenities. A good size with easy access.

‘Located on Porthminster Terrace in a location close to the town. A single parking space, a good size with easy access. Ideally located close to town.’

Parking in St Ives has become increasingly difficult to secure as eager British holidaymakers flocked to the picturesque town for a staycation amid the pandemic

A Miller Countrywide spokesman said the G7 summit, in neighbouring Carbis Bay, played a part in boosting interest in St Ives.

He said: ‘It’s definitely a factor, it has put us on the map.

‘A lot of it is down to Covid as well. Parking is a real issue in St Ives.’

The identity of the buyer has not been revealed.

The G7 summit will see representatives from Canada, France, Germany, the US, Italy and Japan gather in Cornwall alongside Ursula von der Leyen representing the EU.

Leaders will discuss global recovery following the Covid pandemic, climate change, and worldwide trade between today and Sunday. 

The parking space is less than half a mile from the beach and is walking distance from the sought-after town’s restaurants and Tate art gallery

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