Aberystwyth Marina, a 150-berth facility on the west coast of Wales, is the first substantial coastal marina to come to the open market since the onset of the recession in 2008.
Colliers International has been instructed by a private client to market the marina, inviting offers in the region of £2.5 million. The property is a purpose built facility with recently developed facilities, electricity and water points on all pontoons. It also has planning permission for an additional 40 berths.
View Aberystwyth Marina brochure
John Rushby, Yachtmaster and Head of Parks, Sports and Marinas at Colliers International, said, “Yachting has grown enormously in popularity over recent years, but due to planning constraints there has been a severe lack of new berths around the country to satisfy growing demand. The national average annual cost of a berth is about £3,000, so this healthy income makes marinas a very attractive property investment proposition. Marinas tend to be sold off market, so when they do go up for sale on the open market they attract significant interest.”
“Aberystwyth Marina offers one of the best coastal marinas in Wales which has been established by a local developer who has also regenerated the attractive surrounding residential accommodation. Our client has built this corporate quality marina, and taken the business as far as they can but the timing is now right for an experienced operator to take on the marina and bring in revenue from other income streams which offer considerable potential for growth.
One key benefit of a marina business is that boat ownership is a significant commitment and owners need to berth their craft in a safe environment, and prefer popular and picturesque sailing destinations, such as Aberystwyth. Berthing fees have been relatively robust through the downturn making marinas a popular and robust asset for investors.
Aberystwyth Marina is located in the town centre of the coastal town of Aberystwyth in central west Wales, on the sheltered banks of the River Rhiedol close to its coastal estuary in the south western area of the town. Several Welsh harbours and marinas are within easy reach. Aberystwyth Marina also offers easy access from Birmingham (it is known after all as the home of the “Birmingham Navy”), the Midlands and the surrounding areas.