Block of Flats for sale in Isle Of Wight

Build-to-Rent in Isle Of Wight available for sale

Find Block of Flats for sale in Isle Of Wight that meets your business or investment goals

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.