Pavilion Wharf, Salford

Overview

Pavilion Wharf is a completed Forshaw Group building on Derwent Street in Salford, with a gym, residents' lounge, co working space, concierge, post room, secure parking, cycle storage and a garden terrace overlooking the river. One apartment is left on the list: a 737 sq ft two bedroom, already tenanted, at £365,000. Everything else has sold.

Key details

• Final apartment: two bedroom, 737 sq ft, tenanted, at £365,000
• Completed building, income in place from day one
• Gym, residents' lounge, co working space and concierge
• Garden terrace overlooking the river, secure parking and cycle storage
• 999 year lease, service charge estimated at £3.38 per sq ft
• Reservation fee £5,000, simultaneous exchange and completion

Verta's expert insight

A tenanted unit in a finished building is the cleanest purchase on this list. There is no build risk, no void between completion and first rent, and the 5.2% gross the developer quotes is being produced by an actual tenant rather than a letting estimate.

The flip side is that you inherit the tenancy as it stands, so the rent, the term and the deposit arrangements are set. We will send you the tenancy details with the pack so you can price it properly rather than taking the yield on trust.

This is the last unit, so it will not sit on the list long and there is no second chance at this building. If the location works for you, move on it rather than watching it.

Prices shown are the lowest unit available on the developer's current release and change as units sell, so ask us for the latest availability list before you reserve.