There are many benefits to owning a yacht berth from security and investment opportunities to exclusive events, and so much more.
· Security: Enjoy peace of mind with private, gated marinas, ensuring your yacht's safety even during your absence.
· Guaranteed Mooring Space: For yacht owners, the true value of a yacht berth lies in the knowledge that you’ll always have a place to dock. Owners and their crew value the certainty of a fixed berth, especially during peak seasons when rental berths are scarce.
· Long-term Investment: With the prices of berths rising at an index of 2%-6% per year, there is significant potential to earn a return on the initial investment on a long term lease.
· Sub-letting: Sub-letting rights present an opportunity for an additional income stream when your yacht’s slip is vacant.
· Social Events: Marinas present a perfect backdrop for mingling with fellow yacht enthusiasts, in exclusive yacht clubs, surrounded by breath-taking scenery.
The costs of our yacht moorings for sale depend on numerous factors, including location, lease size, years left on the lease, the facilities included with the marina berth, and the current market. Much like the real estate market, prices of berths will vary depending on a variety of economic factors.
While the upfront cost of a mooring for sale might seem high, owning a berth offers distinct advantages over renting. A strategically located yacht can help mitigate crew turnover, thereby reducing recruitment, training, and inefficiency expenses.
Additionally, long-term leases present diverse revenue streams. Even though these won't cover ownership costs, they significantly offset financial burdens. Typically, Owners utilise their fixed moorings as a secure homeport during the off-season, ensuring maintenance, crew satisfaction, and peace of mind. Conversely, during peak cruising season, these prime berths can be leased out at premium rates, further countering cruising costs.
Securing a berth for your floating home-from-home presents its own set of financial considerations. Utilities, including water and electricity, can elevate the tab. Whilst, general upkeep—a combination of routine maintenance, security, and potential local tariffs or levies—adds another layer to the financial outlay.
For example, once a purchase is made for the long term lease of a yacht berth, the Owner becomes liable for maintenance of the berth (community charges for the port), body corporate fees and local taxes, navigation tax or lighthouse fees (government fees). Even when moored, a superyacht is in constant need of attention. To ensure your vessel remains pristine and operational, it's essential to budget comprehensively.
The length of time it takes to purchase a yacht berth for sale will depend on the country in which it is located. While you should generally allow between 6 to 10 weeks from your initial deposit payment before your yacht berth is ready, each case can vary.
For example, if you are purchasing a yacht berth in Europe, some marinas will need to approve any changes in berth ownership, which can result in a lengthier process. The time between your deposit payment and completion can vary depending on individual circumstances.
If you're selling your yacht and struggling to decide what to do with your yacht berth, we advise reviewing the terms of your lease to check if you can sublet. However, if you'd prefer to put it on the market, simply contact us to discuss; we can put your marina berth up for sale and handle the details.