Marine Services Businesses for sale in Manchester

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CITY CENTRE MARINA LEASE/MANAGEMENT OPPORTUNITY

Manchester, Greater Manchester, England

  • Price: Price on application
Seller Reference: PAX0102902353
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Business Description
 
 
 
 
 
 
 
 
 
 
 
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Seller Reference: PAX0102902353
Request Details
Business Description
CITY CENTRE MARINA LEASE OPPORTUNITY

New Islington Marina
Old Mill Street
Manchester
M4 6EE

KEY FEATURES
• Residential marina at the heart of the New Islington regeneration area
• Two basins accessed from the Rochdale and Ashton Canals
• Walking distance to New Islington Metrolink and Manchester Piccadilly Stations
• Currently licensed for 49 berths, comprising:
• 33 residential moorings
• 6 leisure moorings
• 10 visitor moorings
• Scope for further business development, including potential additional berths, subject to obtaining the necessary consents
• Offered on a new lease on terms to be agreed

THE OPPORTUNITY

New Islington Marina forms the focal point of the New Islington neighbourhood which, when complete, will comprise up to 1400 homes, a primary school and doctor’s surgery, all focussed around the marina.

The marina is owned by Manchester City Council who, during 2019 invested in major refurbishment works to the marina infrastructure and the surrounding Cotton Field Park.

The City Council wish to identify a long-term partner to operate and further enhance the marina under a new lease agreement. This will involve the effective management of the existing marina and liaison with the managers of the wider estate, as well as identifying and delivering opportunities for future complimentary development such as the installation of additional moorings.

LOCATION

New Islington is a distinctive neighbourhood sitting on the North Eastern edge of Manchester City Centre within the Ancoats and Beswick Ward. Over the past 20 years the City Council has worked in conjunction with a range of partners to guide regeneration activities, revitalising the physical fabric and economic fortunes of the area. The area now forms part of the extended City Centre neighbourhood.

The marina comprises two basins which connect with the Rochdale Canal and Ashton Canal respectively. These canals link a short distance to the west and provide access to a variety of cruising routes. The two basins are bisected by Old Mill Street. To the west is the Rochdale Canal Basin and the adjoining Cotton Field Park. The Ashton Canal Basin lies to the east of Old Mill Street.

DESCRIPTION

The Rochdale Canal basin lies to the west, this is the larger basin and is developed with floating pontoons providing permanent residential moorings. There are also visitor moorings alongside the basin walls. This basin adjoins Cotton Field Park which is publicly accessible during daylight hours, but is secured at night with access restricted to marina berth holders and other authorised users only.

The Ashton Canal basin is not used at present and there are no pontoons, although quayside mooring is possible. The basin is licensed for 6 permanent leisure moorings and 3 visitor berths, offering scope for the incoming operator to expand the existing business.

The principal boater facilities are provided within the “boater’s hut” which is a timber clad building alongside the Rochdale Canal Basin. This contains showers, WC’s and laundry facilities. Outside the building is a foul pump out and chemical toilet disposal point.

LEASE AGREEMENT

The opportunity now offered is to take over the management and operation of the marina via a new long term lease from the owners, Manchester City Council. The appointed party will be expected to work closely with the manager of the entire New Islington Estate, whose responsibilities include the management and maintenance of Cotton Field Park adjoining the marina.

Further information can be provided to bona fide interested parties upon request

FURTHER INFORMATION

Further details of the marina and the business opportunity are available via an online data room. On no account are interested parties to approach the marina staff or management.

For further details contact the sole agents, Vail Williams

Request Details

Find out more about this business opportunity.

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