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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

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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.

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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

Serviced accommodation in St Austell, Cornwall montage (1)

Prime High St Location

exterior 4 Church Street St Austell

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

demelza - north country developments

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.

Kerensa

kerensa - north country developments

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.

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.

Q1 2023

Planning Approval

Planning permission secured for conversion to mixed-use development with retail ground floor and two serviced apartments above.

Q3 2023

Construction Phase

Full renovation and conversion works commenced, transforming the historic bank building while preserving key architectural features.

Q1 2024

Project Completion & Letting

Construction completed, retail unit let to tenant, and serviced apartments Demelza and Kerenza began operations on major booking platforms.

Q1 2025

Optimisation Phase

Implementation of enhanced letting strategies, development of direct booking website, and exploration of additional sales channels to maximise returns.

2025-2026

Growth & Expansion

Mature operations phase with optimised income streams, established brand presence, and potential portfolio expansion opportunities.

2027-2028

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.

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