What to Consider When Buying a Property with a Berth or Mooring

Purchasing a property with a berth or mooring is a unique investment that combines the joys of waterside living with a host of practical benefits for boat owners. Here are some things you should consider and get answers to before putting in your offer: 

1) Understand the ownership type – Freehold or Leasehold?
As with property, berths can also be either leasehold or freehold. If the former, this may be to the marina, Crown Estate or whoever owns the freehold if the berth is into the sea or river. 

If freehold, you own it outright.
If leasehold, you have the right to use the berth for a predetermined number of years.

2) Accessibility

Ensure the berth is suitable not only for the vessel you own currently, but for one you may wish to own in the future. Is there a possibility to change berths with an extra payment if your next boat is wider / longer / a Superyacht? 

3) Cost and Fees

What fees will you be charged or have to cover for owning a berth? 

Again this will depend if freehold or leasehold and may include some of the following: 

• Annual service charges: A fee charged by the marina to cover items such as maintenance, security, and facilities.  
• Other Charges: You may be charged extra for any utilities supplied or used. If the marina is undertaking an upgrade of facilities or dredging, will you be charged a portion of this as a berth owner? 

4) Legal and Regulatory Aspects

 Ask about the marina’s management policies, including rules on sub-letting or selling the berth. In some marinas, the berth and property are linked and cannot be separated for sale or be sub-let; this means that if you stop boating, your asset could sit unused but still cost you money to own. 

5) Resale and Investment Potential

Waterside properties often retain value well, but the resale appeal of the berth depends on its location, lease terms, size and associated amenities. Partner with brokers such as Triangle Berth Brokers to understand market trends.

Some Final Thoughts……..

Purchasing a waterside property with a berth or mooring is both a lifestyle choice and a financial commitment, and consulting experts such as our Network Agent, Triangle Berth Brokers, is an excellent way to start your search. For further details please see their profile and properties at https://www.watersideproperties.com/berths/