My Photo

Contact me:

About me:


Blog powered by Typepad
Member since 08/2003

August 2012

Mon Tue Wed Thu Fri Sat Sun
    1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31    

« Canalside property search | Main | Painted Boats released on DVD »

Tuesday, 16 March 2010

Comments

Feed You can follow this conversation by subscribing to the comment feed for this post.

Halfie

If anyone wants to know, the holiday cottage is fully booked until June. (Jan tried to book it, unaware of this post, for a few days at the end of this month.)

While I have your attention, does anybody know of a canalside holiday cottage or B&B in the midlands/north which might be available at the end of March? Or even a boat for boatsitting? We are two reasonably well-behaved people!

carol

If I win the lottery this weekend, it's mine!!

Kevin

Don't forget there's a 5-bed house, a smaller holiday cottage and a training business too. It's quite a package - maybe it's not so much price as a lack of available finance at the moment that's preventing the sale.

Alice

Difficult to know how much the site is really worth, in business terms, without knowing how big a cut BW take annually.

Capt Ahab

What a lovely thought.

Valuing marina's is an interesting concept and I suspect that not enough are traded to estiblish a firm price.

Lets say 32 boats all paying £1000 pa = £32,000 less expenses so the income would be somewhere just above £20k pa.
How much would you need to invest to make £20k per annum - maybe £200k if interest rates are 10% or £400k if rates trend at 5%.

The other way to look at it is to connsider the cost of providing a marina berth which is, I think, about £8k each, making the site worth about £260k

Valuing investments like marina's is tricky and much depends on the demand for moorings and the prevailing rates paid on other investments.

Never mind the maths. Andrew is right - its a glorious dream!

Andrew Denny


Fiona,

Yes indeed, I should be buying it! Can you lend me a million?

Fiona

If it was built as a 'Granny House'you should be buying it, Andrew.

Kevin

Yes, I too spotted it -- but in the old fashioned way. There was a "for sale" board up!

Andrew Denny


Adam,

Oh dear, then I do feel a twit.  I didn't know they had it for sale.  The price seems reasonable for a whole marina, especially in that location.  But maybe it's the recession.

Adam

It might be a rare for a property like this to come up for sale, but this one has been on the market a long time -- at least a year. This suggests to me that the price is too high.

The comments to this entry are closed.

Become a Fan

  • Follow me on Twitter

Canal blogs and other feeds