Large canal marina on six-acre Midlands site to be auctioned with £950,000 guide price
An attractive Midlands canal marina with 85 boat berths, a three-bedroomed bungalow and extensive outbuildings is coming up for sale in our next auction.
Fenny Marina is on Station Fields in Fenny Compton, near Southam in Warwickshire and will have a guide price* of £950,000+ in the live-streamed auction on Thursday 8 February.
James Mattin, managing director and auctioneer at Bond Wolfe, explained that the marina already had various income streams, with the prospect of more if the business is developed.
Mr Mattin said: “This attractive and exciting property is an established inland waterway marina originally developed in the 1970s.
“The marina 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 entire property extends to around 6.12 acres, with the marina basin itself taking up approximately 4.46 acres.
“The marina is predominantly rectangular with direct access to the canal, and a fixed, serviced pontoon mooring with capacity for 85 berths.
“The offices and stores are in a single-storey building overlooking the canal and extend to approximately 1,903 sq ft.
“The dry dock facility, which can accommodate a single narrowboat, includes a steel frame building with painted block elevations under a pitched roof extending to approximately 4,265 sq ft, with dry dock, two workshops, an office and toilet.”
Mr Mattin said that a detached and extended three-bedroomed bungalow with rear garden and spacious area at the front was also included in the sale.
Inside the bungalow is a hallway, kitchen, reception room, utility area, bathroom and the three bedrooms.
Mr Mattin added: “The property’s existing income is generated principally from the collection of mooring fees, with the marina offering various rates depending on craft lengths and agreement terms.
“The dry dock is currently operated as a separate business, paying rent of £1,250 per month to the marina, and additional income comes from diesel, LPG, pump-out, waste disposal and chandlery sales.
“There are opportunities to increase the income, including more active management, boat sales, and increased use of the workshop, stores and dry dock.”
Fenny Marina is on the southern arm of the Oxford Canal, just east of Fenny Compton village 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 close to the borders of Warwickshire, Oxfordshire and Northamptonshire, approximately seven miles south of Southam and nine miles north of Banbury.
Fenny Marina is just one of scores of lots that are appearing in Bond Wolfe’s next auction, which will start at the earlier time of 8.30am on Thursday 8 February.
If you have a property you are considering selling, visit https://www.bondwolfe.com/free-property-appraisal/ email [email protected] or call 0121 312 1212 or 01902 928 510 for advice or to arrange a free no obligation valuation.
* Each property is subject to a reserve price which may be different from the guide price. Please refer to the Important Information and legal pack(s) for further information and any additional fees which may apply.