St Olaves Marina sails towards new owner

12 October 2016

Savills, on behalf of a private client, has brought to the market St Olaves Marina in Norfolk at a guide price of £1.65 million. 

The marina and commercial boatyard benefits from a prime position on the Norfolk Broads, where the River Waveney meets the New Cut, and has excellent road connections via the A143 and A146 with Great Yarmouth 6.5 miles away and Norwich 17 miles. The nearest train station is Haddiscoe, around one mile from the marina with services to Lowestoft and Norwich.

The marina has three pontoons providing 144 serviced berths but capable of accommodating  approximately 150 boats. In addition there is around 250m of piled moorings along the New Cut. Two office buildings, car parking, a boat storage area and travel lift accommodating boats up to 70ft by 18ft is also provided.

Kay Griffiths, associate in the leisure and trading team at Savills, comments: “St Olaves is a unique opportunity for an owner occupier to acquire a  well located marina that boasts good access by both river and road. The marina has been significantly expanded in recent years and has not yet reached maturity. Whilst able to benefit from good mooring income, the property affords the new owner the opportunity to take the business to the next level and explore avenues such as boat sales and repairs, further moorings, storage and developing holiday lodges.”

According to Savills Aspects of Leisure report, UK marina development is on the rise as operators look for additional sites. Several portfolios of marinas came to the market in 2015, the most significant activity in recent years, with bidders from both within and outside the sector. Savills anticipates that the sale of St Olaves Marina is likely to generate a good level of interest.

 
 

Key Contacts

Kay Griffiths

Kay Griffiths

Associate Director
Leisure & Trading

Savills Oxford

+44 (0) 1865 269 109

 

Alan Plumb FRICS, FNARA

Alan Plumb FRICS, FNARA

Director
Leisure & Trading

Savills Oxford

+44 (0) 1865 269 020