13 Bedroom Apartment

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.