The MRP Group the serviced apartment & aparthotel specialist, are pleased to announce that we are calling for final bids on Project Elute. After this exciting serviced apartment development received over 8 bids.
The MRP Group have been exclusively mandated to seek a high-quality operator to take control of 25 serviced apartments in Kingston-upon-Thames. The Project will be a Lease or Hotel Management agreement. The site is currently home to a car wash building which will be demolished and, in place, developers will erect a part-three part-four storey building to provide 25 serviced apartments.
The property is held on a freehold basis. We are interested in operators who will operate on a long-term Lease or Hotel Management basis.
The site lies in Norbiton – an area within Kingston-upon-Thames. This area of Norbiton comprises a mixture of residential and commercial uses. The strip of units immediately opposite the site fronting Coombe Road is identified as a Local Centre. The building contains a series of ground floor retail/commercial shopfronts. To the east, beyond the locally listed cottages, is the five-storey office block known as Kingstons House. Which has planning permission to be converted into a part six-storey free-school.
Upon receipt the finalist will be asked to present to the owners with a view of entering exclusive heads of terms. Click HERE to view Project Elute’s teaser.
The MRP Group are seeking Lease offers in excess of £500,000 or favourable Management contract offers.
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