Tranona
Well-Known Member
So how come marinas in unpopular sailing areas, Preston, Whitehaven, manage to do offer berthing at less than half the price of Hamblesque locations? They have the same capital costs. The supply and demand concept is also a woeful argument: there are plenty of investors willing to put up cash for marina developments who are thwarted by vested interests. Beaumaris and the Marquise of Anglesey springs to mind.
Part of the answer is in my posts above. Redundant docks are relatively cheap to both convert to marinas and subsequently operate, particularly as most do not require any dredging of maintenance of sheet pile or bund walls. They are often part of regeneration schemes and receive infrastructure funding. Prices are low from a market point of view because the sailing environment is less attractive.
Coastal marinas need substantial shore based facilities and in the south this is the big killer as the demand for shoreside land is high, as are prices. Again in the northern part of the country there is less competition for shoreside, particularly in rural locations so capital investment overall is substantially higher.
Then there are the planning issues. There have been plans for a new marina in Poole for several years, mainly using reclaimed land by putting a bund wall round an unusable area of shallow tidal water and dredging (a proven method). It stands up on financial grounds, but always falls at planning because of objections from existing owners of shoreside property whose visual outlook will be changed.