{"id":24313,"date":"2026-09-26T08:22:52","date_gmt":"2026-09-26T07:22:52","guid":{"rendered":"https:\/\/yatirim.uk\/tr\/gayrimenkuller\/"},"modified":"2026-09-26T08:22:52","modified_gmt":"2026-09-26T07:22:52","slug":"silkbank-pavilion-wharf-manchester","status":"publish","type":"post","link":"https:\/\/yatirim.uk\/en\/silkbank-pavilion-wharf-manchester\/","title":{"rendered":"Silkbank (Pavilion Wharf) Manchester: A Completed Scheme on the Irwell"},"content":{"rendered":"
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Hello everyone, today we are looking at Forshaw Group\u2019s Silkbank<\/strong>. A completed scheme on the bank of the River Irwell. One apartment is left in the portfolio.<\/p>\n

For prices, taxes and the whole buying process, see our guide: UK Property Guide<\/a><\/p>\n

The scheme\u2019s unit types, current price range, floor plans and location: see the project page<\/a><\/p>\n

Prices and available apartments<\/h2>\n

The figures below come from the developer\u2019s current stock list, with sold units taken out. Right now 1 unit available<\/strong>.<\/p>\n

Type<\/th>Size<\/th>Entry price<\/th>Available<\/th><\/tr><\/thead>
Two bedroom<\/td>68 m\u00b2<\/td>\u00a3365.000<\/td>1<\/td><\/tr><\/tbody><\/table><\/div>\n

Project facts<\/h2>\n
<\/th><\/th><\/tr><\/thead>
Developer<\/td>Forshaw Group<\/td><\/tr>
Address<\/td>Derwent Street, Salford, M5 4RE<\/td><\/tr>
Handover<\/td>completed<\/td><\/tr>
Lease length<\/td>999 years<\/td><\/tr>
Estimated service charge<\/td>\u00a33.38 per sq ft<\/td><\/tr>
Reservation fee<\/td>\u00a35.000<\/td><\/tr>
Payment plan<\/td>simultaneous exchange and completion<\/td><\/tr><\/tbody><\/table><\/div>\n

Location and transport<\/h2>\n

Derwent Street, Salford M5 4RE. The opposite bank of the river is Manchester city centre; Spinningfields and Deansgate are within walking distance.<\/p>\n

What the building has<\/h2>\n

Gym, residents' lounge, co-working space, concierge, post room, secure parking and cycle store.<\/p>\n

Tenant profile<\/h2>\n

Professionals who want to walk into the centre. Being completed means the rental income starts immediately.<\/p>\n

The yield<\/h2>\n

The expected gross rental yield the developer states is 5.2%. This is a projection, not a guarantee; the yield you realise depends on the rental market, the service charge and void periods. A yield worked out without deducting the service charge misleads.<\/p>\n

Total cost<\/h2>\n

On top of the apartment price come stamp duty, legal fees, the land registry fee and, for a buyer living abroad, additional verification fees. You can work out your own scenario in the capital.works purchase cost calculator<\/a>.<\/p>\n

Risks and what to watch for<\/h2>\n

Stock is almost gone: a single two bedroom apartment is left and it is sold with a tenant in place. On a tenanted purchase, have your solicitor review the terms of the existing tenancy.<\/p>\n

Alternatives in the same city<\/h2>\n

Our portfolio has other schemes in Manchester too. By entry price:<\/p>\n