Suitable position in town I cherish (5)
I believe the answer is:
niche
'suitable position' is the definition.
(I've seen this in another clue)
'in town i cherish' is the wordplay.
'in' says the answer is hidden in the clue.
'NICHE' is hidden in the letters of 'town i cherish'.
(Other definitions for niche that I've seen before include "hole" , "Recess - suitable position" , "Position well suited to the occupier" , "Calling" , "Small corner of e.g. market" .)