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St Ives car parking spaces auctioned for £160,000 St Ives car parking spaces auctioned for £160,000
(12 days later)
Three car-parking spaces in the Cornish resort of St Ives have been sold at auction for a total of more than £160,000.Three car-parking spaces in the Cornish resort of St Ives have been sold at auction for a total of more than £160,000.
Two other spaces attracted bids of £50,000 each but still failed to meet the reserve prices and they are expected to be sold privately in the next few days.Two other spaces attracted bids of £50,000 each but still failed to meet the reserve prices and they are expected to be sold privately in the next few days.
Estate agent Bradleys was delighted with the sale but it has attracted criticism as an example of a property market skewed by outsiders. Councillors and residents point out that with the average annual Cornish salary at under £25,000, many locals couldn't afford one of the parking spaces, let alone a house in St Ives.Estate agent Bradleys was delighted with the sale but it has attracted criticism as an example of a property market skewed by outsiders. Councillors and residents point out that with the average annual Cornish salary at under £25,000, many locals couldn't afford one of the parking spaces, let alone a house in St Ives.
There have also been complaints that the sale could push up the cost of parking in St Ives, where motorists already pay Cornwall council more than £500 a year for a reserved spot.There have also been complaints that the sale could push up the cost of parking in St Ives, where motorists already pay Cornwall council more than £500 a year for a reserved spot.
Councillor Bert Biscoe said the sale was a symbol of a huge problem in the south-west and pointed out that when the town flooded a few years ago, firemen were unable to locate keyholders because so many were second-home owners. He said: "Parking spaces at £50,000 is just another symptom of a folly driven by commerce and institutional boardrooms while communities, families and one of Britain's most distinguished and attractive cultures teeters on the edge of extinction."Councillor Bert Biscoe said the sale was a symbol of a huge problem in the south-west and pointed out that when the town flooded a few years ago, firemen were unable to locate keyholders because so many were second-home owners. He said: "Parking spaces at £50,000 is just another symptom of a folly driven by commerce and institutional boardrooms while communities, families and one of Britain's most distinguished and attractive cultures teeters on the edge of extinction."
The parking spaces on Barnoon Terrace near the Tate St Ives gallery were being sold by a local person who is using the money to refurbish a large house.The parking spaces on Barnoon Terrace near the Tate St Ives gallery were being sold by a local person who is using the money to refurbish a large house.
Chris Baxter, director of Bradleys, said: "We are talking about an area where property is happily fetching £500,000 to £700,000 – if not more. If you haven't got a car-parking space, £50,000 is a small price to pay for that extra amenity."Chris Baxter, director of Bradleys, said: "We are talking about an area where property is happily fetching £500,000 to £700,000 – if not more. If you haven't got a car-parking space, £50,000 is a small price to pay for that extra amenity."
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