High Street, Ryde, PO33 2RE
- PROPERTY TYPE
Commercial Property
- BEDROOMS
13
- BATHROOMS
12
- SIZE
6,458 sq ft
600 sq m
Key features
- Established income stream from fully let residential units
- Long 999-year lease, long term investment
- Centrally located in Ryde, a key commuter town with fast links to the mainland
- Consistent rental income with room for growth in line with market demand
- Ideal for hands-off investors – low management input and long-term asset stability
- High street location close to amenities, transport, and local employment
Description
Fully Let Residential Investment Block | Gross Yield 5.64% | Prime Island Location
Elliott Lincoln is pleased to bring to market Hills Court, a fully tenanted residential investment comprising 12 self-contained apartments situated in the heart of Ryde’s High Street on the Isle of Wight.
This is an attractive opportunity to acquire a fully income-producing asset with strong rental performance, long-term lease security, and minimal management liability.
Property Overview
12 Residential Apartments
11 x One-Bedroom Apartments
1 x Two-Bedroom Apartment
Tenure: Leasehold – 999 years
Tenancies: Fully Let on Assured Shorthold Tenancies
Floors: Two
Gross Monthly Income: £8,225
Gross Annual Income: £98,700
Management Fees: 5.5% (£5,428.50)
Net Operating Income: £93,271.50 per annum
Current Yield (Gross): 5.64%
Location
Hills Court is in the heart of Ryde, one of the Isle of Wight’s most desirable and well-connected towns. With the passenger hovercraft and catamaran services nearby, it offers fast and convenient access to Portsmouth and the South Coast. The property is situated in a strong rental catchment area and benefits from proximity to the seafront, shops, cafes, and public transport links.
Further Information
A full tenancy schedule and floor plans are available on request. For more information or to arrange a confidential discussion, please contact Elliott Lincoln.
High Street, Ryde, PO33 2RE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Ryde St. Johns Road Station0.3 miles
- Ryde Esplanade Station0.4 miles
- Ryde Pier Head Station0.9 miles
Notes
Disclaimer - Property reference S1411713. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Elliott Lincoln, Covering the Isle of Wight. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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