In the world of property investment, location is often cited as the most critical factor in determining the success of a development. A prime location not only enhances the appeal of a property but also ensures a steady stream of tenants, high rental yields, and significant capital appreciation. This blog delves into the importance of development location in attracting the right tenants, using Excelsior Works Manchester as a prime example. We will explore its central location, proximity to local amenities, canalside living that retains industrial heritage, large floorspace, high-quality fixtures and fittings, and excellent accessibility to local tram stops and Manchester city centre.

Central Location: The Heart of Manchester

Excelsior Works is strategically located in the Castlefield area of Manchester, a district known for its rich industrial heritage and vibrant urban lifestyle. This central location offers several advantages:

  1. Proximity to Business Hubs: Being in the heart of Manchester, Excelsior Works Manchester provides easy access to major business districts, including Spinningfields and the Central Business District. This makes it an ideal choice for professionals working in the city, ensuring a high demand for rental properties.
  2. Cultural and Recreational Attractions: The development is surrounded by cultural landmarks such as the Museum of Science and Industry, Castlefield Bowl, and the Bridgewater Hall. These attractions enhance the living experience for tenants, making the location highly desirable.
  3. Educational Institutions: Manchester is home to several prestigious universities, including the University of Manchester and Manchester Metropolitan University. The proximity to these institutions attracts students and academic professionals, ensuring a diverse tenant base.

Close to Local Amenities

One of the key factors that make Excelsior Works attractive to tenants is its proximity to a wide range of local amenities:

  1. Dining and Entertainment: The area boasts a plethora of dining options, from trendy cafes to fine dining restaurants. Tenants can enjoy a vibrant nightlife with numerous bars, pubs, and entertainment venues within walking distance.
  2. Shopping: Residents have easy access to shopping centres like the Arndale Centre and boutique shops in the Northern Quarter. This convenience adds to the appeal of the location, making it a preferred choice for tenants.
  3. Healthcare Facilities: Proximity to healthcare facilities such as Manchester Royal Infirmary ensures that residents have access to essential services. This is particularly important for families and older tenants.

Canalside Living Retaining Industrial Heritage

Excelsior Works offers a unique living experience by combining modern luxury with the charm of Manchester’s industrial heritage:

  1. Historic Significance: The development is situated on the site of the former Excelsior Mill, a historic printing and bookbinding factory. The design of the apartments incorporates elements of the building’s industrial past, such as exposed brickwork and metal fixtures, creating a distinctive aesthetic.
  2. Canalside Living: The development overlooks the Bridgewater Canal, providing residents with picturesque views and a tranquil living environment. Canalside living is highly sought after, offering a peaceful retreat from the hustle and bustle of city life.
  3. Community Spaces: Excelsior Works features communal areas such as a rooftop garden and a residents’ lounge. These spaces foster a sense of community among residents and enhance the overall living experience.

Large Floorspace and High-Quality Fixtures and Fittings

The design and quality of the apartments at Excelsior Works Manchester play a crucial role in attracting tenants:

  1. Spacious Apartments: The development offers a range of one, two, and three-bedroom apartments, each designed with generous floor space. The spacious layouts cater to the needs of different tenant groups, from young professionals to families.
  2. High-Quality Fixtures and Fittings: The apartments are equipped with high-end fixtures and fittings, including modern kitchens with integrated appliances, stylish bathrooms, and premium flooring. These features enhance the comfort and convenience of the living spaces, making them highly attractive to tenants.
  3. Attention to Detail: The design of the apartments reflects a meticulous attention to detail, with features such as large windows that maximize natural light and private balconies that offer stunning views of the canal and cityscape. This level of quality sets Excelsior Works apart from other developments in the area.

Accessibility to Local Tram Stops and Manchester City Centre

Accessibility is a key factor in the appeal of any residential development, and Excelsior Works Manchester excels in this regard:

  1. Proximity to Tram Stops: The development is located close to the Cornbrook tram stop, providing residents with easy access to Manchester’s extensive tram network. This ensures convenient and efficient travel within the city and to surrounding areas.
  2. Minutes to City Centre: Excelsior Works is just a short tram ride away from Manchester city centre, making it an ideal location for those who work or study in the city. The quick and easy commute enhances the appeal of the development to a wide range of tenants.
  3. Connectivity to Major Roads: The development is well-connected to major roads such as Oxford Road and Deansgate, facilitating smooth travel in and out of the city. This accessibility is particularly beneficial for tenants who commute by car.

The location of a development plays a pivotal role in attracting the right tenants, and Excelsior Works in Manchester is a prime example of how a well-chosen location can enhance the appeal of a property. Its central location, proximity to local amenities, canalside living that retains industrial heritage, large floorspace, high-quality fixtures and fittings, and excellent accessibility to local tram stops and Manchester city centre make it an ideal choice for a diverse range of tenants.

For property investors, Excelsior Works Manchester represents a lucrative opportunity to invest in a development that offers high rental yields, strong tenant demand, and significant capital appreciation. The combination of modern luxury and historic charm, coupled with the convenience of urban living, ensures that Excelsior Works will continue to attract tenants and deliver excellent returns for investors.

Whether you’re a seasoned investor or new to the property market, understanding the importance of location in attracting the right tenants is crucial. Excelsior Works serves as a testament to the value of a prime location, demonstrating how thoughtful design and strategic positioning can create a highly desirable living environment that meets the needs of today’s discerning tenants.