Monday, 25 May, 2020

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Gold Coast marina berth set to snag boaties hook, line and sinker

A berth in the Hope Island Marina has hit the market.

SINKING into your partner’s “pier pressure” by trying to find somewhere other than your house to leave your boat?

This latest real estate offering might just have you off the hook.

A 12m marina berth in Hope Island has cruised onto the market with a $78,000 price tag.

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The boat parking spot at 116 Santa Barbara Rd, Hope Island has a $78,000 price tag.

Hope Island Realty agent Anthony J Lowe, who is marketing the body of water at 116 Santa Barbara Rd said it was hard to find a freehold berth for sale.

“They don’t come up that often and are tightly held,” he said.

“Not many of the marinas have freehold berths where you own the rights to the berth, normally you lease it from the marina.

“Normally the Gold Coast Waterways (Authority) owns the land underneath the water.”

The Hope Island Marina is one of only a few Australian marinas that offer freehold berths.

The 12m marina berth is a freehold opportunity, meaning the buyer would own the spot rather than lease.

Owning the berth allowed prospective buyers to lease the area out or park their own boat there.

The spot is currently leased for $700 a month, or $8400 a year, and it has yearly outgoings of about $4000.

Mr Lowe said the berth would be perfect for a Hope Island resident but the buyer didn’t need to reside there.

“In Hope Island for a start you can’t keep a boat on your property because of the body corporate rules, even the trailer you have to keep in storage,” he said.

“But you don’t have to be a resident, it’s like buying a block of land.

“And there’s very good security there.”

He added if the opportunity wasn’t enough to grab you hook, line and sinker, the location was sure to buoy buyer confidence.

“It has great access to the Broadwater and there are a lot of marine services around the area,” Mr Lowe said.

“Plus, you’re surrounded by multimillion-dollar homes in a great location.”