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 property entails an opportunistic buy completed in June 2017. The asset comprises a shop occupied by Paul Smith totalling 2,329 sq.ft and let to June 2021.
The building is extremely well located in the Covent Garden retail pitch between Floral Street and Long Acre and enjoys an unusually long frontage to the street.
The building which is constructed over basement, ground and first floors affords medium-term development potential to create either residential or office space given its low rise nature compared to other adjacent buildings.