Block of Flats for sale in Hayling Island

Build-to-Rent in Hayling Island available for sale

Block of Flats for Sale Within 10 miles of the Hayling Island

70 George St

Ryde, PO33 2JF

Build-to-Rent for Sale
£495,000
2,246 sq ft

Ryde Build-to-Rent for Sale

Flats 1-5, 70 George Street offers the opportunity to acquire a fully let residential investment property in Ryde, the Isle of Wight's largest town by population. The property comprises a mid-terrace block arranged over four floors and includes five residential apartments together with two storage units accessed from St Peters Mews. The residential accommodation consists of four one-bedroom apartments and one studio apartment, providing a diversified residential income stream supported by established occupancy. The property currently generates an annual overall income of £37,243.88 and is being offered with the benefit of a long leasehold interest comprising the remainder of a 950-year lease dating from 1865. The basement apartment benefits from a courtyard garden and gas central heating, while the remaining apartments are serviced by electric heating. The combination of multiple residential units and ancillary storage accommodation provides a mixed income profile within a single managed asset. Positioned on George Street, the property is within walking distance of Ryde town centre and enjoys convenient access to the Island's retail, service, and transportation amenities. Ryde serves as a principal commercial and residential hub on the Isle of Wight, with nearby connections to the Hovercraft and FastCat passenger services providing links to Southsea and Portsmouth. The property's location near established shopping areas, local services, and regional transport infrastructure supports ongoing residential demand and accessibility for occupants.

Contact:

Hose Rhodes Dickson

Property Subtype:

Apartment

Date on Market:

20/08/2026

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72 George St

Ryde, PO33 2JF

Build-to-Rent for Sale
£625,000
2,805 sq ft

Ryde Build-to-Rent for Sale

72 George Street presents an opportunity to acquire a fully let residential investment property in Ryde, the Isle of Wight’s largest town by population. The asset comprises accommodation arranged across five floors, including a basement flat, a garden flat with courtyard garden access via St Peters Mews, and multiple bedsit-style residential units throughout the upper floors. The property is fully occupied, with each tenant operating under an Assured Tenancy Agreement, providing an established income stream from day one of ownership. The current reported rental income is £57,300 per annum, equating to a gross initial yield of approximately 9% based on the guide price of £625,000. The property is held on a long leasehold interest of 950 years from 12 March 1865, offering long-term control of the asset. Operational features include individual electric card sub-meters serving each unit, a central boiler serving the building, and a mechanical ventilation heat recovery system designed to supply filtered fresh air while recovering heat from outgoing air. This system may contribute to improved energy efficiency and reduced condensation throughout the property. Positioned within walking distance of Ryde town centre, the seafront, transport connections across the Isle of Wight, and passenger ferry services to the mainland, the property benefits from access to local amenities, retail offerings, schools, and leisure destinations. The combination of established tenancy, income generation, and connectivity within one of the island’s principal population centres supports its appeal to private investors and portfolio buyers seeking residential investment exposure.