News

By Emma Thomson

An extremely rare, privately held 36 berth, 10 mooring marina on Sydney Harbouris being offered for sale through the Ray White Group.

Commanding a premium location in one of Sydney’s most exclusive suburbs, sitting on a substantial freehold parcel of land, Woolwich Marina has remarkable 270 degree Sydney Harbour views including the Harbour Bridge and CBD skyline.

The marina currently provides an annual income of around $417,000 mostly from the marina berth and moorings. The potential fully leased net income is circa $671,000 p.a.

“Increasing demand and limited supply of Sydney Harbour marinas has strengthened demand for pontoon berths and waterfront marine use land,” said marketing agent Jeff Moxham Managing Director of Ray White Commercial NSW.

“Being an avid boating family, our owners Greg and Liz Newton have owned the marina both for passion and commercial investment for circa 8 years.”

“This property will almost certainly sell to a real marine enthusiast.” said Mr Moxham.

The recently upgraded Sydney Harbour marina is made up of floating concrete finger pontoons with 36 wet berths, 10 swing moorings and three partially covered traditional slipways with 15, 20, and 40 tonne capacities. There is onsite parking for 14 vehicles.

The Marina currently operates under a new forty year lease (commenced April 2014) with NSW Roads and Maritime Services and offers comprehensive vessel maintenance facilities onsite including 3 slipways.

Above the commercial section of the Woolwich Marina is a three-bedroom luxury apartment with an internal lift, climate controlled wine cellar and remarkable Sydney Harbour views, intended as a marina manager’s residence.

“It’s an unusually private property,” says Rod Smart of Ray White, “There’s a reserve either side so the surroundings are completely undeveloped.”

“The rear portion of the site also has potential to be developed into residential accommodation (STCA) ” says Mr Smart

Mr Brock Rodwell of Ray White Marine said ” We are expecting strong worldwide interest from luxury yacht owners and the marine industry alike for this exciting and unique opportunity to secure a privately held marina with adjacent land development potential in one of the world’s iconic boating destinations and playgrounds. This is truly a once in a lifetime offering that will attract enormous global attention and appeal.”

View the article on the Sydney Morning Herald website here:

http://www.smh.com.au/business/property/woolwich-marina-hits-the-market-as-demand-for-sydney-moorings-increases-20150407-1mdmz5.html

Up to Date

Latest News