It is my understanding that what you buy is the leasehold on the berth not the freehold, that is you purchase the right to lease the berth from the marina for a certain amount of time, usually for less than you would if you leased a berth without the leasehold, but that you can on sell the berth if or when you no longer need it, you will however not recoup your initial investment as the leasehold will have less time to run out so you will be forced to sell at a much cheaper price than you originally paid for it, but as I said this is just my understanding of the process, and I could be wrong, if so I'm sure someone will correct my understanding.
Depends on the marina and lease terms.
For example:
Marina one: lease to 2051, good maintenance new facilities but expensive outgoings half yearly.
Solid lease occupancy.
Very high resale.
Marina two: lease to 2021, poor maintenance, old facilities low outgoings but no guarantee lease will be extended after 2021.
Difference in price will be $100k.
Select to expand quotelydia said..
Depends on the marina and lease terms.
For example:
Marina one: lease to 2051, good maintenance new facilities but expensive outgoings half yearly.
Solid lease occupancy.
Very high resale.
Marina two: lease to 2021, poor maintenance, old facilities low outgoings but no guarantee lease will be extended after 2021.
Difference in price will be $100k.
Thank you for the clarification Lydia.
