The MRP Group are pleased to announce that Project Eden, a boutique serviced apartment and aparthotel development site is now under offer.
Located in a central position of the Falmouth, Project Eden will be developed to provide 19 units featuring a mix of one and two bedroom apartments alongside ground floor office space. The MRP Group were mandated to find an operator who wanted to expand their portfolio and establish themselves as the first serviced apartment operator in Falmouth.
The site is in an ideal location providing views overlooking the Penryn River and natural harbour, additionally, the site is in close proximity to the main road into the town enabling guests to easier accessibility to Falmouth and beyond. Project Eden is perfect for leisure travellers looking to stay in a well connected and popular tourist destination in Cornwall. Falmouth is known for its stretches of beaches, historical sites and festivals. Additionally, the Eden Project is less than an hour drive and features one of the greatest collections of plant life in the UK. Falmouth has witnessed the rise in staycations and is the perfect location because of its landscape, history and landmarks.
“We are delighted to have been able to assist the owners Prosper Property, in successfully entering into exclusive heads of terms for the sale of this aparthotel development site,” said Max Thorne, Chief Executive of The MRP Group. “The site is currently home to Cornwall Car Centre which will be demolished and replaced with the new 3-storey development. Falmouth is a great location to serve both tourists and the professional market. Its central location on the main road into Falmouth also overlooks the River and Marina. This is a fantastic opportunity for the town and the purchaser to be one of the first purpose-built aparthotels in a popular local market.”
The MRP Group was founded in 2013 by Max Thorne after identifying a gap in the sector. The MRP Group is a leading consultant to the extended-stay market focusing on Serviced Apartments and Aparthotels. The group focuses and has extensive experience in advising, structuring, and transacting business agreements in the Serviced Apartment and Aparthotels industry. The firm has extensive property development experience in the UK, Europe, Middle East and Asia. Since its conception, The MRP Group have been nominated for the Industry Breakthrough and Innovation award at the ASAP Awards. This year they were nominated for Best Service Provider and Rising Star at the Serviced Apartment Awards.
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