Fenny Marina, Station Fields, Fenny Compton, Southam, Warwickshire, CV47 2XD
An Inland Marina with 85 Berths, extensive ancillary buildings and a detached 3 bedroom bungalow, set in 6.12 acres ( 2.47 ha) or thereabouts in Fenny Compton, Southam
Guide price*
£950,000+
Plus fees
Sold prior to auction, for an undisclosed amount
Lot information
Mixed Use
Auction details:
Thursday 8th February 2024 @ 08:30AM
An Inland Marina with circa 85 Berths, extensive ancillary buildings and a detached 3 bedroom bungalow, set in 6.12 acres ( 2.47 ha) or thereabouts
Property Description
The property comprises an established inland waterway marina originally developed in the 1970s. The facility is approached along a recently resurfaced private driveway with electric security gates leading to a car park with the marina basin beyond. The office, chandlery and stores face the canal towpath with the dry dock and bungalow at the southern end of the basin. The marina basin extends to approximately 4.46 acres and is predominantly rectangular with direct access to the canal. There is fixed, serviced pontoon mooring with capacity for circa 85 berths depending on craft size. The offices and stores comprise a single storey building, overlooking the canal extending to approximately 176.94 sq.m. (1,903 sq.ft) . The dry dock facility comprises a steel frame building with painted block elevations under a pitched roof extending to approximately 396.44 sq.m. (4,265 sq.ft) with dry dock, 2 workshops, office and WC. The dry dock will accommodate a single narrowboat of all sizes. Also included within the sale is a detached and extended 3 bedroom bungalow with rear garden and spacious area to the fore. The property benefits from a right of way access as denoted in blue on the plan. Full title plans are available within the legal pack.Location
Fenny Marina is located on the southern arm of the Oxford Canal, just to the east of the attractive village of Fenny Compton in the Warwickshire countryside. The Oxford Canal passes through unspoilt countryside and is a popular cruising waterway connecting the River Thames at Oxford with the Grand Union Canal at Napton. The northern section of the Oxford Canal continues to Coventry and from there to Birmingham via the Coventry Canal. Fenny Compton is located close to the border of Warwickshire, Oxfordshire and Northamptonshire, approximately 7 miles south of Southam and 9 miles north of Banbury.Accommodation
Marina: Marina Basin with approx. 1,500m (5,000 sq.ft.) of fixed mooring, circa 85 Serviced Berths, Dry Dock with substantial Workshop, Chandlery, Offices, Stores/Workship.Bungalow: Hallway, Kitchen, Reception Room, Utility, Bathroom, Three Bedrooms.
Tenure
FreeholdPlans/Aerial Photographs
Any plans provided with these particulars are for identification purposes only and their accuracy is not guaranteed.Auctioneer's Note
Please note that the completion period for this property is 56 days.Please note offers may be considered prior to the Auction Sale.
The Business
The income is generated principally from the collection of mooring fees with the marina offering a variety of rates depending on the length of craft and term of the agreement. Additional income is generated by diesel, LPG, pumpout, elsan disposal and chandlery sales. The dry dock is operated by the Director as a separate business, who pays a rent of £1,250 per month to the marina for the use of the facility. Opportunities to increase the income include more active management, boat sales, increased use of the workshop/stores areas and dry dock. Further details are available within the legal pack.Business Rates
The property has the following rateable values, effective from 1st April 2023: 1. Marina £28,750 2. Dry dock £8,400.The bungalow is within Band C for Council Tax purposes.
Viewings
Strictly by appointment with the Auctioneers.DISCLAIMER
Bond Wolfe or their Agents for the seller of these Lots give notification that any particulars contained within the catalogue/website are prepared to the best of their knowledge and include information that has been provided to them. Plans, photographs and room measurements (provided via a 3rd party) are provided as guidance only and should not be relied upon. All potential buyers should make their own enquiries and investigations to the accuracy of the information contained in these particulars or to obtain further information that is not provided which they deem to be important prior to bidding. Any amendments to the particulars that Bond Wolfe are aware of will be published on the addendum, which is available within the lot information.
LIVE-STREAMED AUCTION
Please note that the Auction will be livestreamed via our website. You can take part remotely via Proxy, Telephone or Online, if you wish to bid you must pre-register via our website no later than 3pm the day prior to the auction. Please click here for further details.
*DEFINITION OF GUIDE & RESERVE PRICE
All properties are sold subject to a reserve price, which is the minimum price the seller is willing to accept and is confidential between the seller and Auctioneer. The guide price is only an indication as to where the reserve is currently set and not necessarily the Auctioneers expectation of what it will sell for. If the guide price is a bracket figure, then the reserve price cannot be higher than the top end of the guide price, if the guide price is a fixed figure, then the reserve cannot be more than 10% above the guide price. The guide price and reserve price can be subject to change at any time up to and including the auction day and, properties can often sell for substantially more than the quoted guide price.
COSTS AT AUCTION
When buying at auction you will unconditionally exchange contracts on the fall of the auctioneer’s gavel, please therefore ensure you have read the legal pack for each property prior to bidding. They are all individual and include the terms and conditions of your purchase as well as any costs in addition to the purchase price.
The sale of each lot is subject to an administration fee of £1,920 inc VAT (£1,600.00 + VAT) (unless otherwise stated in the important information), payable on the fall of the gavel/at the end of the online auction. Please note that the administration fee for the Local Authority lots may differ and all interested parties should enquire directly with the Auctioneers as to the fee applicable.
Any additional costs excluding the administration fee will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack has been prepared by the seller’s solicitor(s), who are responsible for its contents and disclosing all know information. It is available to download free of charge under the ‘lot information’, and you take responsibility for reading and understanding the legal pack and are bound by all the contents. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
