New Marina in Bay of Cannes?

[jfm]

We'd love a Mole Sud berth! It just works out as a huge amount per annum at current prices unless the amodiation is extended at a good rate.......

When the lease is up there is NO WAY the town can sell 1200 berths at the prices you see today. The current market is thin, say 3 transactions a year on Mole Sud frexample. So the berths that sell are sold to the 3 richest buyers who want berths. When the town have TWELVE HUNDRED to sell the price will plummet. Owning a berth gets you the inside track on a bargain 30year renewal when the time comes.

That's my theory and I'm sticking to it. There is some economic logic to it and my first sentence must be true but in truth I have no idea what will happen at the end of the lease

All that said I'm having an evening not liking med boating. I'm at T5 for the 2000 BA flite to Nice, even got here a bit early. It's now delayed to 2200hrs, grrrr. So I'm goofing around on internet on the sticky keyboards in BA's lounge!

 

[benjenbav]

Inwards have a 23x6 in Vauban on their website.

http://www.worldwidemarinasales.com/en/berths-and-moorings/antibes-port-vauban-23mx6m-80.html

 

[jfm]

Inwards have a 23x6 in Vauban on their website.

http://www.worldwidemarinasales.com/en/berths-and-moorings/antibes-port-vauban-23mx6m-80.html

Yup but they're quai 1 (which is very nice, but Mole-sudders are spoilt brats) or the couple of silly-priced mole-suds that have been for sale a while. I prefer to source locally. Mind you if the euro takes a bit more of a beating it might be worth at least buying the euros so as to be ready to pounce!

 

[MapisM]

There is some economic logic to it

Possibly, but I'm missing it.
Isn't it equally true that there will be 1200 boaters looking for renewal, at that time?
Whilst surely there isn't an excess demand of 1197, on top of the three yearly transactions. And even if there is, that would cumulate with the existing 1200 at the time of renewal.
Good luck anyway!

 

[Deleted User YDKXO]

I have trouble understanding this logic too. Basically you are suggesting that the local council will sell berths at knockdown prices to existing bertholders simply because they are already there? Not sure I'd be thinking like that if I was the financial controller of the local council. More likely I'd be thinking that I'd got 1200 captive mega rich customers and I'd be pricing the berths at sky high prices and those that weren't willing to pay the price could pay exhorbitant rents until they got used to the idea.

 

[Nick_H]

Well i've no idea what will happen either, but most the big Cd'A marinas leases expire around the same time (2021-2024), and lots of the berth owners must have bought at a fraction of todays prices, so it remains to be seen if there will be thousands of people ready to part with many hundreds of thousands of pounds all at the same time.

So I have to agree with jfm, it seems likely that the renewal rates will be a fair bit lower in real terms than a 30 yr lease would fetch today (if there were any for sale)

 

[MapisM]

I'd be pricing the berths at sky high prices

Yup, and even more so for those spoilt brats in Mole Sud...
...looking for my coat now, before jfm turns on his satcom from the airplane!

 

[MapisM]

Well i've no idea what will happen

Jokes aside, neither do I, of course.
But I see one thing which might help lower SoF prices, and it's the Italian competition.
Marinas along the Ligurian coast have been (and still are) expanded quite impressively in the last years.

 

[kcrane]

"Exclusive" k? Ghetto more like, mate

Ah, do I detect a defensive note indicative of concern that one may dress on the wrong side?

 

[AustinPowers]

You may be thinking of Port Inland

http://www.port-inland.com/en/port1.htm

It is a dry marina capable of lifting boats up to 30' in length.

One good thing about dry berthing here is that the river is fresh water and the engines get a good flush through after every use.