Residential & Commercial
Vectis Property Group owns a mixture of residential and commercial assets totalling approximately 15 freehold properties. The company invests in retail and residential opportunities and looks to refurbish residential properties for letting purposes. The commercial onus is on secure income to good covenants in affluent locations whilst the residential emphasis is on mixed size flats in popular letting positions.
The freehold restaurant with residential upper parts was acquired in May 2017 and is located in Chelsea. The eatery is distributed over ground and basement floors and comprises 2,090 sq.ft and is let to Chicama (Peruvian fish restaurant) until March 2036.
The upper floors comprise two excellent 2-bedroom flats which were completely refurbished in 2016, totalling 1,930 sq.ft.
The long-term income, A3 use residential component and excellent Chelsea position were the main components of Vectis’s interest in acquiring this opportunity.