UK: CBRE has appointed to sell a recently finished coliving apartment development in St Ives, Cornwall.
The development, Stennack Place, is on the market with a guide price in excess of £4.5 million. The development was designed and built by Harrington Homes, a Devon-based homebuilder.
Stennack Place includes fully furnished en-suite bedrooms, designed for modern coliving. The development is half a mile from the St Ives town centre and one mile from the St Ives railway station, which offers access to Bristol, Exeter and London.
Nick Reed, director of Residential Capital Markets at CBRE, said: “Stennack Place represents an exciting opportunity to acquire a turnkey coliving investment in a desirable and fast-growing rental market. Co-living developments are typically concentrated in large urban centres, making this a unique and exciting opportunity in the prime location of St Ives. The strength of demand from the private rented sector, combined with the property’s prime positioning and high-quality finish, makes this a compelling investment. We are seeking offers in excess of £4.5 million.”
Highlights:
• CBRE has been appointed to sell a recently completed apartment rental development in St Ives, Cornwall
• The newly completed coliving development, Stennack Place, is now on the market for an excess of £4.5 million
• Stennack Place offers fully furnished en-suite bedrooms tailored to modern coliving, located half a mile from St Ives town centre and one mile from St Ives Railway Station
