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 Kings Road portfolio has been augmented with a third acquisition, comprising a ground and retail unit close to Wellington Square. The property was acquired off-market and affords potential for short term rental growth. The shop is let to Italian fashion brand Freddy S.p.a.
as their London flagship store.
The upper parts over 1st, 2nd & 3rd floors comprise a 4-bedroom flat which has been sold off.
The opportunity affords good rental growth prospects for the future and Vectis would be interested to acquire the residential unit in time.