Summary - 7 ROBEY STREET LINCOLN LN5 8AU
4 bed 1 bath Block of Apartments
**Standout Features:**
- Freehold block of 2 x 2-bedroom apartments
- Total rental income of £28,560 p.a. with an 8.92% gross initial yield
- New Assured Shorthold Tenancies (ASTs) secured for 2024/2025
- Proximity to transport, university, and local amenities
**Summary:**
Seize a rewarding investment opportunity in Lincoln with this freehold block comprising two contemporary 2-bedroom apartments, guaranteed to attract students. With a strong rental income of £28,560 per annum and a lucrative gross initial yield of 8.92%, this property offers financial stability and growth potential.
Centrally located on Robey Street, just a short walk from Lincoln's City Centre and the University of Lincoln, it benefits from easy access to public transport with a bus stop just one minute away, making commutes seamless. The apartments are well-equipped and have secured new ASTs that ensure cash flow continuity for the next academic year.
While the area does face high crime rates and broadband speeds are noted as slow, the local amenities include popular eateries and grocery options like Lidl and KFC, enhancing its appeal to young renters and families alike. With its current condition and tenant agreements in place, this property is perfect for investors looking for a solid return in a student-rich market. Don't miss out on this excellent opportunity; properties like this are not on the market for long!
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