• Freehold 22 acre site
• Planning consent in place and implemented for 199 berth marina development
• Strong demand for high quality moorings within the UK inland waterways sector
• A secure, UK focused market
• Average UK marina occupancy 88% (British Marine statistics, 2017)
• Trading projections show potential EBITDA exceeding £300,000
• Approved plans include a visitor centre/café/farm shop at the site entrance
• Option to agree a build contract with the vendor to deliver a completed marina development
To purchase a 22 acre freehold site with full, implemented planning consent for the construction of a 199 berth inland waterway marina.
The vendor is part of the Land & Water Group, the UK’s most active inland marina developer, having built or extended 19 canal and river marinas over the last 20 years.
The marina construction has been fully costed by the vendor at £3,147,000 on a “turn key” basis.
There are three options for a buyer:
1. To purchase the freehold land, with the benefit of planning consent at a price of £650,000
2. To purchase the freehold land and contract with Land & Water to construct the marina
3. To purchase the freehold land and contract with the Land & Water Group to both construct and subsequently operate the marina under a management agreement.
Option 3 would deliver a modern, highly specified marina and would ensure a smooth transition from construction to operation, with the marina being managed by an experienced operator. The management fee payable to Land & Water would be fixed at just £30,000 per annum for the first 5 years, thereafter rising in line with RPI.
This arrangement enables an investor to acquire this freehold opportunity and have the marina built and operated by the UK’s most experienced inland marina construction group on an “arms length” basis. The vendor will supply all the necessary expertise, so facilitating access to this fast growing market by those with no existing marina experience.
The village of Swindon lies approximately 5 miles north of Stourbridge and 8 miles south of Wolverhampton in south Staffordshire. The location is rural but road links are good with the M5, M6 and M54 all within 15 miles of the site.
The site lies on the south western edge of the village and is accessed directly from the High Street, which has a range of local shops including a convenience store and take-away food outlets as well as two public houses, all within easy walking distance. This differentiates this site from many other inland marinas which are often in entirely rural locations with no local facilities or shops within walking distance.
The Staffordshire & Worcestershire Canal connects a number of major waterways in the West Midlands. It links the Trent & Mersey Canal at Great Haywood Junction near Stafford, with the River Severn at Stourport. Swindon is located around 16 miles north of Stourport and 10 miles south of Autherley Junction where the canal connects with the Shropshire Union Canal. There are junctions with the Birmingham Canal Navigations near Autherley and also at Stourbridge approximately 4 miles to the south of Swindon.
These junctions mean that there are a variety of possible cruising routes available from a marina at Swindon. This is of paramount importance to boaters who will value the range of destinations and circular cruising routes that are made possible by this location.
This will be the first modern marina to be built on the Staffordshire & Worcester Canal. There are a few small mooring sites along the canal, but local competition will be minimal when this new marina opens.
Sales particulars are attached with further info/images.
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