Newport Street
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
13
- BATHROOMS
12
- SIZE
6,458 sq ft
600 sq m
Key features
- Gross Yield 5.81%
- Apartment Block - established income stream from 12 fully let residential units
- 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-on investors – low management input and long-term asset stability
- High street location close to amenities, transport, and local employment
- Long 999-year lease, long term investment
Description
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): 5.81%
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.
Brochures
Newport StreetBrochure- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- LISTED PROPERTYA property designated as being of architectural or historical interest, with additional obligations imposed upon the owner.Read more about listed properties in our glossary page.
- Listed
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Communal
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Newport Street
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Visit our security centre to find out moreDisclaimer - Property reference 34401668. 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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