Cornwall parking space sells for record-breaking sum as G7 summit lures buyers

Cornwall parking space sells for record-breaking sum as G7 summit lures buyers

A mysterious buyer splashed £45,000 on a single car parking space in Cornwall as G7 came to the south coast county, making demand surge.

At the top of a small hill, there’s a small car park and in the carp park is a small plot of tarmac in St Ive which overlooks the Portminster Beach.

This small plot might have broken the record for the most expensive car parking spot in the world.

This comes as Cornwall is thrust into the global spotlight as the most powerful people in the world, including Boris Johnson, Joe Biden, and Angela Merkel, converge on the G7 summit in Cornwall.

Parking has always been a problem in the picturesque holiday town, especially with Brit’s flocking there for staycations this year.

But after only a week of being put up for sale, the small single space, was sold for £45,000.

Only half a mile from the beach, and within walking distance of the town’s restaurants and Tate art gallery, the addition of G7 may have pushed demand that bit further for the pricey parking spot.

On 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.”

The estate agents who sold the space said, “It has put us in the spotlight.”

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 extraordinary figure is believed to be the most expensive for a single space in St Ives ever.

The identity of the buyer has not been revealed.