Income-Generating Investment in St Austell Bank Conversion
A successful conversion of a former bank building into retail space and two premium serviced apartments, already generating consistent returns.
High
Occupancy Rates
Quick
Return On Investment
Dual
Income Straems
Project Overview - Cornwall Property Investment
Our St Austell bank conversion represents a prime example of our approach to transforming underutilised commercial spaces into thriving, mixed-use developments that benefit communities and generate returns for investors.
Prime High Street Location
Located in the heart of St Austell, Cornwall, with shops, restaurants, and local amenities just steps away, ensuring consistent demand from tourists and professionals.
Proven Income Generation
Fully let retail unit and two premium serviced apartments generating consistent returns from day one, with strong occupancy rates.
Completed Development
Reduced risk profile with a finished project, offering investors immediate returns rather than development phase uncertainties.
Property Showcase
Experience the successful transformation of a historic bank building into a thriving mixed-use development with retail space and luxury serviced accommodation.
Two Serviced Accommodation Units With Retail Below
Prime High St Location
High Spec Finish
Premium Serviced Apartments
Demelza and Kerensa are two stylish contemporary apartments on the first and second floors, fully let and generating consistent returns through premium short-stay lettings.
Demelza
A beautifully presented first-floor apartment nestled in the heart of St Austell, Cornwall. With its convenient location near the beach and local amenities, it offers an idyllic retreat for couples seeking a romantic Cornish getaway by the sea.
- One double bedroom with TV
- Modern appliances throughout
- Parking permit included
- Open-plan kitchen
- Pet-friendly accommodation
- All utilities included
Kerensa
A stylish contemporary apartment on the second floor of the former bank building, offering the same high-specification and thoughtful design as its sister apartment, providing an equally appealing option for discerning guests.
- One double bedroom with TV
- Modern appliances throughout
- Parking permit included
- Open-plan kitchen
- Pet-friendly accommodation
- All utilities included
Project Timeline
Our St Austell development was completed in December 2024, transforming a vacant former bank into a thriving mixed-use property. The ground floor retail space was successfully let to a local bridal wear business in November 2024, establishing a strong commercial presence in the heart of town.
The serviced accommodation apartments, Demelza and Kerensa, welcomed their first guests in January 2025, immediately achieving high occupancy rates through premium short-stay bookings
Project Initiation
Acquisition of the vacant bank building in St Austell town centre and initial planning phase commenced.
Planning Approval
Planning permission secured for conversion to mixed-use development with retail ground floor and two serviced apartments above.
Construction Phase
Full renovation and conversion works commenced, transforming the historic bank building while preserving key architectural features.
Project Completion & Letting
Construction completed, retail unit let to tenant, and serviced apartments Demelza and Kerenza began operations on major booking platforms.
Optimisation Phase
Implementation of enhanced letting strategies, development of direct booking website, and exploration of additional sales channels to maximise returns.
Growth & Expansion
Mature operations phase with optimised income streams, established brand presence, and potential portfolio expansion opportunities.
Project Initiation
Acquisition of the vacant bank building in St Austell town centre and initial planning phase commenced.
Secure Your Position in This High-Potential Development
Join us in this successful Cornish investment with immediate returns from our income-generating property. Our team is ready to discuss how this profitable, fully-let development can enhance and diversify your investment portfolio with both residential and commercial income streams
Related Investment Opportunities
Explore other property investment options in our portfolio or consider diversifying across multiple projects.
