TC Group’s Property team advises on £11.6 million portfolio sale
A major, predominantly residential investment portfolio generating c.£925,000 per annum has been sold at an approximate yield of 7.9%.
TC Group’s dedicated in-house Property team has advised on the successful £11.6 million sale of The Needles Portfolio, a substantial investment portfolio located across the Isle of Wight.
The portfolio is primarily made up of residential investment property, alongside a smaller commercial element. It produces gross rental income of approximately £925,000 per annum, providing an established and diversified income stream from assets across the island.
The agreed consideration reflects an approximate yield of 7.9%, demonstrating continued investor demand for large, income-producing residential portfolios with opportunities for long-term asset management and growth.
The transaction involved numerous property interests and occupational tenancies, requiring detailed legal due diligence, valuation work and sustained coordination between the client, legal advisors, managing agents and other professional teams. TC Group’s Property team remained closely involved throughout, helping to maintain momentum and support the sale through to completion.
Tom Dymond, Partner – Head of Property at TC Group, said: “This was a significant and highly rewarding instruction. The portfolio represented a substantial residential investment holding and required a proactive, commercial and hands-on approach throughout.
“A considerable amount of work took place behind the scenes to navigate the legal and practical challenges presented by a portfolio of this scale, and we’re delighted to have delivered a successful outcome for our client.
“The deal demonstrates the depth of expertise within our dedicated Property team and our ability to manage complex investment and portfolio transactions, alongside the continued appeal of well-established residential investment assets.”
- Sale price: £11.6 million
- Gross rental income: approximately £925,000 per annum
- Approximate yield: 7.9%
- Predominantly residential investment property, with a small commercial element
- Location: Isle of Wight
- Buyer: Private Family Office | Seller: Private Individual
- Buyer’s Agent: Allsop – Michael Linane
About TC Group
TC Group’s an Accountancy Age Top 20 firm of business advisors and accountants, providing accountancy, tax, advisory, legal and financial planning services to businesses and individuals across the UK.
With more than 2,000 people across over 70 offices nationwide, TC Group supports more than 35,000 clients by combining national scale with local expertise, delivering proactive, relationship-led advice that helps clients achieve sustainable growth, safeguard wealth and navigate an increasingly complex business landscape.
TC Group also has a dedicated in-house Property team of Chartered Surveyors and property specialists, working closely with its wider tax, VAT and corporate finance teams to provide joined-up property and business advice. The team advise on property valuation, site acquisition and disposal, business rates, leasehold matters, property health checks, commercial property tax relief and Capital Allowances.
TC Group’s local offices in Leicester, Milton Keynes, Northampton and Southampton have collectively been named one of The Sunday Times Best Places to Work 2026.
For more information, please contact Tom Dymond MRICS | Partner – Head of Property
07810 756399 | TomDymond@tc-group.com