Office 4
Baring Chambers
Denmark Road
Cowes
Isle of Wight
PO31 7SY
Newport Street
Guide Price £1,700,000
13 Bedroom Block of Flats
- 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
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): 5.81%
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.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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