The Boat Park at Castle Cove, Weymouth is an exciting and very unusual income producing opportunity down on the Beach overlooking the beautiful expanse of Portland harbour in Dorset.
The property for sale is an established Boat Park overlooking the site of the 2012 Olympic and Paralympics sailing events together with the surrounding foreshore and launch rights.
Portland Harbour has seen extensive boating development since the departure of the naval base with the setting up of the National Sailing Academy and the new Yacht Marina on the south side of the harbour. The Boat Park is situated on the north shore of the harbour just over the hill from Weymouth and comprises an enclosed dinghy park with a ramp from the beach and a slip way to the beach from the road. The boat park has 36 bays and 3 storage areas and there is scope to provide storage for up to 108 boats. It is thought that the current income could easily be exceeded with pro-active marketing to produce an income of up to £36,000 per year based on the current charging rates.
Patrick Woodford who is handling the sale said "This property really is a one-off opportunity, made all the more exciting by the impending Olympics. The property is both freehold and leasehold with a long lease from the Crown Estate. The Boat Park has not been marketed or promoted in any way by the present owners but has still produced a good return. It offers considerable scope for income growth if actively managed.
The Boat Park at Castle Cove is offered for sale by Informal Tender with offers invited by Friday 29th May.
The Guide Price is £75,000
Further information from Patrick at Dorchester tel:01305 264172