By Peter Tremayne
St Austell’s town centre is again for sale, barely a month after estate agents tried to sell it for £4.65 million. The White River Shopping Centre is now coming under its next virtual hammer, in another online auction, this time with a guide price of “only” £3.4 million. The next auction is scheduled for 15th April.
Two years ago the owners tried to sell the site for £10 million. The plummeting price of retail property in Cornwall reflects the fundamental shift in shopping habits caused by the Covid pandemic.
Twelve years ago local councils and government agencies combined to spend £75 million to create the retail centre. Much of the cash came from the former South West Regional Development Agency.