Crossley Court apartments on Clarence Street, York, for sale

The freehold residential development at Crossley Court, Clarence Street, is fully let, generating an annual income of around £156,000, with an additional £4,800 from four parking spaces that are let separately.

The modern property is being marketed by Milburns Commercial Ltd, on High Petergate, who say: “The property represents an incredible investment opportunity with all 13 properties let.”

Crossley Court apartments on Clarence Street, York, for sale – the block of 13 apartments is being marketed by Milburns Commercial Ltd.

It was built about 19 years ago, and features six two-bedroom apartments and seven one-bedroom apartments, all self-contained with their own kitchens and bathrooms. It is arranged across two blocks with a central courtyard, offering a total of eight parking spaces.

Recommended reads:

‘He gets it’ – King Charles forges instant bond with York cancer patient

‘It got a bit strange’ – patient’s shock encounter with King at York Hospital

Old York photos capture some of city’s hottest moments

The property has a front entrance onto Clarence Street by foot with access for vehicles from Brook Street at the rear.

A block of 13 apartments at Crossley Court, Clarence Street, York, is being marketed by Milburns Commercial Ltd. Photo: Milburns Commercial Ltd

Five of the parking spaces are located within the courtyard, while three are positioned to the rear and currently let on a separate annual income. The development also includes a communal lobby and stairwell, secure bin storage and a bike store.

The site sits less than a mile from York city centre, with access to both York St John University and York Hospital nearby.

According to the marketing details, the property presents an investment opportunity with a gross yield of 6.72% on residential lets and parking. As a freehold, it also offers potential for conversion to short-term or holiday letting, which could increase income.