ST OLAVES | | | NR31 9HX | GREAT YARMOUTH | NORFOLK | NR31 9HX

Great Yarmouth 6.5 miles • 7.5 miles • 17 miles (all distances are approximate)

A Well-Established Marina and Commercial Boatyard with Considerable Development Potential

SUMMARY OF FACILITIES • Main site extending to approximately 4.87 hectares (12.04 acres) • Family run marina based on the and in the picturesque Norfolk Broads, with coastal access close by • Three pontoons providing 144 berths with water, electricity and swipe-card entry. It is believed that it can accommodate in excess of 150 boats • Main office and reception area, a secondary office building, shower/toilet block and temporary workshop with capacity for a single 38ft vessel • Travel lift with 50 tonne capacity and dock facility accommodating boats up to 70ft by 18ft • Additional stretch of moorings along the New Cut for boats over 12.5 metres, total mooring length 250m comprising 130m new steel piles and 120m old timber piles extending to approximately 0.10 hectares (0.26 acres) • Further parcel of land adjacent to the New Cut, extending to approximately 0.97 hectares (2.41 acres) BACKGROUND Family owned and managed, St Olaves Marina has New Cut. The New Cut was completed in seen considerable change over the previous twenty 1833 and is now owned and managed by the years. Following acquisition of the site in 1996, the Environment Agency. current owners have operated the business and Road communications are good via the A143 to overseen a period of expansion to create an attractive the regional towns of Great Yarmouth and Bury and profitable marina. St Edmunds. Norwich, the nearest city is also easily LOCATION AND SITUATION accessible by road via the A143 and A146. The nearest train station is Haddiscoe, circa 1 mile from the marina. Located in the county of Norfolk, the village of A larger station, , is circa 7.5 miles from St Olaves is situated between the market town of the site. Beccles and the coastal town of Great Yarmouth. St Olaves Marina is situated at the confluence of The marina occupies an attractive rural setting the River Waveney and the Haddiscoe New Cut, surrounded by the open countryside of immediately adjacent to the substantial modern road National Park and adjoining the village of St Olaves. bridge that takes the A143 over the Haddiscoe DESCRIPTION St Olaves Marina is one of the largest marinas situated in the southern half of the Norfolk Broads. Triangular in shape it is bounded on two sides by water, the River Waveney and the Haddiscoe New Cut, and on the third the A143. The total site area extends to circa 5.95 hectares (14.95 acres).

Access to the site is provided via two entrances on to public highways, a trade entrance directly on to the A143 and a customer entrance from the old Haddiscoe Road.

The property comprises a marina basin with 144 berths together with a main office and reception area constructed of weather board clad walls under a clay tile roof, a secondary office in a prefabricated building, a temporary workshop with capacity for a single 38ft vessel and a shower/toilet block constructed of weather board elevations under a steel sheet roof, comprising male, female, disabled and staff facilities.

In addition to this, there are various car parking areas, a boat storage area and a hardcore surfaced area under St Olaves flyover licenced from Norfolk Highways.

THE BUSINESS Since acquiring the property in 1996, the owners have Mooring is also available on the New Cut for boats In 2001 planning permission was granted to extend undertaken considerable development, increasing the over 12.50 metres at £155 per metre per year including the mooring basin, create a new access onto the number of berths and improving facilities to increase VAT. New Cut (and closure of the original access). This the potential returns of the marina. permission also included erection of a boat shed The marina basin is accessed via coded entrance to provide a workshop, offices and a managers Income derived from the marina business over the barrier and the three pontoons provide the following flat, which has not been constructed and could be last three years ending 31st March 2016, net of VAT is mooring facilities: developed at a later date. This planning permission summarised below: - was subject to a Section 106 agreement which states • Eastern pontoon – smaller vessels that the number of private moorings in the new basin Year ending 2016 (£) 2015 (£) 2014 (£) • Central pontoon – medium sized vessels area is to not exceed 80 at any one time. It also 31 March • Western pontoon – larger vessels required two mooring spaces east and two west of Turnover 447,163 437,074 350,947 Whilst already providing stable ongoing mooring the to be provided along the New Cut to EBITDA 117,785 145,602 85,291 income, the property affords a new owner the enable unpowered yachts to raise and lower their Additional income is generated from boat brokerage. opportunity to grow the business further by boat masts, which have now been constructed. Anglia Yacht Brokers Ltd currently charge 4% sales and repairs, further moorings, storage and There may be potential for development of further commission (minimum £750 plus VAT fee) but are possibly developing holiday lodge accommodation. moorings along the River Waveney frontage, subject looking to raise this to a 6% commission. Anglia Yacht to obtaining the necessary planning permission. Brokers Ltd is a separate limited company run by the SERVICES Water – Office is connected to mains water supply. directors of St Olaves Marina, available by separate BUSINESS RATES negotiation. Electricity (three phase) – Mains electricity supplied The current rateable value of the property is £18,800, Moorings from substation adjacent to A143. giving rise to rates payable of £9,344 for the year ending 2017. The marina achieves a high level of occupancy and Sewerage - Recently installed private sewage tank for in August 2016 was operating at circa 80% capacity. the toilet and shower block which is emptied every TENURE AND BASIS OF SALE Each berth has a floating pontoon with water and fortnight over the summer months. The property is held freehold. electricity supply. Storage fees are £10.40 a metre per month including VAT and boat lifting charges range FIXTURES, FITTINGS AND EQUIPMENT A licence agreement is in place for an area of land from £14.85 per metre (minimum charge £100) to £26 A summary of fixtures, fittings and equipment, under the Haddiscoe Bridge. per metre depending on the level of boat yard service whether leased or owned outright, is included in an Vacant possession will be granted on completion required. online data room. of the sale, subject to existing mooring licence The marina berthing fees for 2016/17 are:- TOWN AND COUNTRY PLANNING agreements. The property lies within the jurisdiction of South Annually £215/metre/year inc. VAT RIGHTS OF WAY (chargeable min 6.5m) Norfolk District Council: - www.south-norfolk.gov.uk A public footpath runs under the New Haddiscoe Monthly £34/metre/year inc. VAT In 1996 planning permission was granted to change Bridge north west along the owned land adjacent to (chargeable min 6.5m) the use of the adjacent land to incorporate it into the the New Cut. marina. t la es ite Plan

TUPE Purchasers will be required to comply with the Brige Close Priory Bungalow W relevant legislation in respect of current employees. l i way

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VAT B t l a es Bri ge Bell In Should the sale of the property or any right attached (PH) to it be deemed a chargeable supply for the purpose

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FURTHER INFORMATION AND VIEWINGS B Hai scoe a rshes

An online data room providing detailed information B in relation to the property and business is available to s B Tra elling Crane B seriously interested parties, subject to signature of a W rain Tan B W

confidentiality agreement. e B s ansi B rai n rai n innae rs i e rsi e Viewings are to be undertaken strictly by W Ha iscoe Bri ge t l aes a rina appointment through the selling agents, in order to i ers i e Par

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occupiers of the marina. Trac ter Wa w r Cuttr ige o ain an Cottage ain e r gh n Hi For further information or to arrange a viewing, please ea n ai r A ain contact Savills, Wytham Court, 11 West Way, Oxford, r OX2 0QL:- MLW This Plan is based upon the Ordnance Survey Map with the sanction of the Controller of H.M. Stationery Office. Crown Copyright reserved. (100024244). This Plan is published for the convenience of Purchasers AD RO Contact: Kay Griffiths Contact: Phil Rankin Dr only. Its accuracy is not guaranteed and it is expressly excludedain from any ON TI A contract. NOT TO SCALE. T Ne S w Tr Cu +44 (0)1865 269109 +44 (0)1473 234804 ack t +44 (0)7870 999485 +44 (0)7807 999937 Ordnance Survey © Crown Copyright 2016. All rights reserved. Licence number 100022432. Plotted Scale - 1:2500 [email protected] [email protected] Office – Energy Performance Asset Rating Portacabin Office – Energy Performance Asset Rating Workshop – Energy Performance Asset Rating Toilet Block – Energy Performance Asset Rating

Contact: Gina Cole +44 (0)1865 269046 +44 (0)7772 625641 [email protected] DIRECTIONS The postcode for the property is NR31 9HX.

Approaching St Olaves from the North East, via the A143, follow Beccles Road over the River Waveney and take the second left turn into the marina entrance.

ST OLAVES ST OLAVES

Savills Leisure Wytham Court 11 West Way Oxford OX2 0QL

This Plan is based upon the Ordnance Survey Map with the sanction of the This Plan is based upon the Ordnance Survey Map with the sanction of the Controller of H.M. Stationery Office. Crown Copyright reserved. (100024244). Controller of H.M. Stationery Office. Crown Copyright reserved. (100024244). savills.co.uk This Plan is published for the convenience of Purchasers only. Its accuracy is This Plan is published for the convenience of Purchasers only. Its accuracy is not guaranteed and it is expressly excluded from any contract. NOT TO SCALE. not guaranteed and it is expressly excluded from any contract. NOT TO SCALE.

IMPORTANT NOTICE Savills, their clients and any joint agents give notice that: 1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2. Any areas, measurements or distances are approximate. The text, images and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Savills have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise. Photographs taken September and October 2016 Sale particulars prepared October 2016