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 building has been held by the company within its portfolio since the early 1960s. The property comprises a mansion block containing 20 flats of which 12 x 3-bedroom and 8 x 2-bedroom over five storeys totalling in excess of 17,000 sq.ft. The majority are now let on assured shorthold tenancies.
The building went through a major refurbishment and extension programme between 2009-2013 including the installation of two lifts and the construction of 4 penthouses apartments. The property is to be held for long term asset management purposes.