14,750

For Sale On the instructions of the Joint Fixed Charge Receivers Brinklow Marina, , Rugby, CV23 0JH

Inland marina with about 200 berths and amenity land with development potential Summary

• Modern inland waterway marina located on the North

• Approximately 4,000m of serviced berthing for around 200 craft

• Office and other storage units

• Large area of landscaped amenity land with 2 ponds

• Further development potential, subject to consent

• Site area approximately 8.97 ha (22.19 acres) Freehold for sale, subject to standard canal Connection Licence

Offers invited in the region of £1mOxford Canal

• Approximately 4,0• Inland waterway marina located on the Oxford Canal Brinklow Marine, Cathiron Lane, Cathiron, Rugby, Warwickshire CV23 0JH

Background about 25 miles to the west. Brinklow Marina is an established modern narrow boat facility which was built circa 2005, located on Description the canal network near Rugby. The marina basin The subject property comprises an inland has access to the Oxford Canal (Northern Arm) and waterways marina for narrow boats which is a storage capacity of some 200 berths together approached from Cathiron Lane via a wide splayed with an extensive area of landscaped amenity land access point with double locked gates. From here, a suitable for further development, subject to driveway leads into the property, passing a small consent. parking area with private drainage system and Elsan chemical disposal point together with a Location rubbish collection skip. The driveway to the marina basin and around it, with parking directly fronting Brinklow Marina is located on the Oxford Canal onto the marina and berths. At the southern end of (northern arm) between the local centres of the marina basin, there are about 5 steel Brinklow, 2 miles to the west and Cathiron, 1 mile containers which are used for a combination of a to the east. The centre of Rugby is about 4 miles to marina office and storage. the south east and the larger city of is about 5 miles to the west. Brinklow with a The marina has a total of approximately 4,000m of population of about 1,000 (2011 Census) stands on berthing space on fixed pontoons with timber the Fosse Way and has several local shops and decking and there is space for about 200 berths of pubs and a primary school. The larger centres of 60 – 65 feet each. The berths each have an electric both Rugby and Coventry provide a more point which is metered for use, water point and comprehensive range of retail, service and leisure lighting bollard. Each pontoon finger has been facilities. designed for 4 craft of varying length.

Brinklow Marina is located on the northern arm of The marina is approached from the canal by a the Oxford Canal which runs for about 22.75 miles private arm which passes via a bridge under from Braunston Turn to the south to Hawkesbury Cathiron Lane into the property from the north. Junction at Bedworth to the north west. It connects The marina basin is in part formed from steel piles the Grand Union Canal to the Coventry Canal close and mainly from natural banks around the edge to its junction with the Ashby Canal. The location is with puddle clay forming the base and natural reasonably central on the overall canal system and sides to hold the water. It is understood that the the property has the advantage of having very few marina has a depth of up to about 2.8m. locks within the close vicinity and is therefore a good berthing location for weekend day cruising. In addition to the berths, there is a diesel fuel pontoon and pump-out facility. Road communications are good with access to Junctions 1 and 2 of the M6 within 5 and 7 miles east and west of the marina respectively. The marina is surrounded to the west by amenity Birmingham is about 30 miles to the west and land which is mainly laid to grass with 2 ponds. central London 92 miles to the south of the property. There are railway stations in Rugby and The site extends to approximately 8.97 ha (22.19 Coventry, and Birmingham International Airport is acres.

3 Brinklow Marine, Cathiron Lane, Cathiron, Rugby, Warwickshire CV23 0JH

Services Additional income is generated from the sale of LPG bottles, fuel and pump out services. Mains water and electricity are connected to the property. Drainage is to a private septic tank. LPG The marina has about 80 berths occupied at the gas cylinders are sold from a storage cage located present time and is managed by a caretaker on a on site. part time basis who does not pay a berthing charge. Planning Planning permission was granted in 2003 for Tenure “Construction of 200 berth mooring basin with The property is held freehold subject to the associated services and facilities, car parking, connection licence set out above. vehicular access road, and temporary security building”. Asking Price Consent was gained in 2012 via a Certificate of Lawful Use and Development for the siting of 1 Offers in the region of £1m for the freehold storage container, internal roadway and property, fixtures and fittings and goodwill. Stock is hardstanding, 2 switch rooms and 2 ponds. to be purchased separately at valuation.

Consent was granted in 2014 for the retention of 4 Further information storage containers and additional hardstanding. For further information contact the sole agents: Rating Philip Gibson 0212 609 8689 The current rateable value, effective from 1st April [email protected] 2017 is £29,000. John Mitchell 020 7911 2489 Connection licence [email protected] The property has the benefit of a connection licence from the Canal and River Trust permitting Anti money laundering connection to the Oxford Canal for a term of 80 years from 2005. The annual licence fee is 9% of the total potential berthing income (net of VAT). To comply with our legal responsibilities for Anti- Money Laundering, it will be necessary for the successful bidder to provide information necessary The business to complete these checks before the deal is completed. Information required will include: The principal income is generated from berthing fees which are charged at a rate of £36 per foot • Corporate structure and ownership details. inclusive of VAT for an annual licence. 6 month licences are available at £37.50 per foot. • Identification and verification of ultimate Residential occupiers are charged a premium of beneficial owners. 20% or £43.20 and £45 per foot for 12 or 6 monthly licences respectively. • Satisfactory proof of the source of funds. 4

If you would like to know more please get in touch.

Philip Gibson

+44 (0)121 609 8689 +44 (0)7880 471767 [email protected]

Avison Young hereby gives notice that the information provided either for itself, for any John Mitchell joint agents or for the vendors lessors of this property whose agent Avison Young is in this brochure is provided on the following conditions: 1) The particulars are set out as a general outline only, for the guidance of intending +44 (0)20 7911 2489 purchasers and/or lessees and do not constitute an offer or contract, or part of an offer or contract. +44 (0)7920 812024 2) All descriptions, dimensions and references to this property’s condition and any [email protected] necessary permission for use and occupation, and any other relevant details, are given in good faith and are believed to be correct. However, any intending purchasers or tenants should not rely on them as statements or representations of fact but satisfy themselves of their correctness by inspection or otherwise. 14,750 3) No person in the employment of Avison Young, or any joint agents, has any authority to make or give any representation or warranty whatsoever in relation to the property or properties in this brochure. 4) All prices quoted are exclusive of VAT. 5) Avison Young shall have no liability whatsoever in relation to any documents Note: The Joint Fixed Charge Receivers act without personal liability contained within the brochure or any elements of the brochure which were prepared solely by third parties, and not by Avison Young.

Anti-Money Laundering: To comply with our legal responsibilities for Anti-Money Laundering, it will be necessary for the successful bidder to provide information necessary to complete these checks before the deal is completed. Information required will include: 08449 02 03 04 1) Corporate structure and ownership details. 2) Identification and verification of ultimate beneficial owners. avisonyoung.co.uk/15780 3) Satisfactory proof of the source of funds for the Buyers / funders / lessee.

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