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Camerons Marina

 

Unique Inner-Harbour Marina

for Sale by Expression of Interest

 

Expression of Interest Closing Date 18th October 2018

"An outstanding and unique opportunity to create a private high-end marina in the heart of Sydney Harbour, located in Balmain just 5.5 kilometers from the Sydney CBD, including rare freehold land, existing improvements, masterplan and potential for expansion.

"A lifestyle and boutique business opportunity, of an attractive and attainable scale, never publicly offered for sale".

Cameron's Marina is located:  5a Phoebe Street Balmain NSW 2041

 

 

Cameron's Marina has been held in single family ownership for almost 60 years, the marina is located in Balmain approximately 5.5 kilometers west of the Sydney CBD.

Subject to various planning approvals, the property has both rare freehold (418sqm) on-land and on-water options for further re-development and/or expansion.

Cameron's Marina enjoys a direct waterfront access and beach aspect of 16m to Sydney Harbour (Parramatta River). The site is located between Elkington Park and Sommerville Point (Parlinga Reserve).

Although the subject property is somewhat limited with respect to access, it offers an absolute waterfront position with a sought after north-westerly aspect. The existing improvements (212sqm) (workshop/caretaker's residence/office premises) offer considerable potential, which have been partly addressed in a new masterplan.

 

Executive Summary

Cameron's Marina offers a unique set of qualities. These include a functioning marina business which is included in the sale on a WIWO basic, existing freehold land-based improvements that could be reconfigured with a number of options and there's also the potential (subject to approvals) to expand the existing water-based assets.

The property has the benefit of a passing income which allows the flexibility to plan for the optimal use of the marina and its associated improvements.

 

 

 

Investment Highlights

  • Generational Marina Offering - never before offered for sale, this family run marina is an iconic feature of Balmain's waterfront, currently providing 20 fixed berths, two work berths, slipway, and 21 swing moorings. This is one of the very few marina assets within Sydney harbour that combine rare Freehold land tenure with an operating marina.

  • Excellent location - situated on Balmain's north western shore, the marina is located in the heart of Sydney, only a short journey to the CBD, and with immediate access to world-famous Sydney Harbour.

  • Redevelopment Potential - subject to council approval, the opportunity exists to renovate and develop an exceptional residential or commercial property right on Sydney harbour's waterfront together with potential expansion of the existing marina facilities.

  • Flourishing Recreational Boating Industry - the industry continues to be one of Sydney's most popular pastimes, with a strictly limited supply of moorings in Sydney Harbour. The boating industry across Australia has turnover of $8.3bn in Financial Year 2017, with 15,000 new boat registrations each year.

 

Location - General click here to view drone footage of the marina and the immediate surrounding area.

 

Expression of Interest due 18 October 2018

Cameron's Marina is being offered for sale by JLL Hotels & Hospitality Group as follows:

Andrew Langsford

Vice President

JLL Hotels & Hospitality Group

M +61 422 577 415

E andrew.langsford@ap.jll.com

Ben Koop

National Director

Strategic Consulting

M +61 412 658 318

E ben.koop@ap.jll.com

EOI - Disclaimer - General

This information is intended as a guide only and does not constitute advice. It does not form part of any offer or contract. All calculations, including, but not limited to dimensions, area and trading performance, contained in the material are based on figures provided to the Agent by outside sources and have not been independently verified by the Agent and therefore may not be correct. Users should not rely on this information and must make their own enquiries to verify and satisfy themselves of all aspects of the information (including without limitation, any income, rentals, dimensions, areas, zoning and permits). While the information has been prepared in good faith and with due care, no representations or warranties are made (express or implied) as to the accuracy, currency, completeness, suitability or otherwise of such information. Except where otherwise provided, all references to rent, income or price referred to in this information are GST exclusive. The Agent, their officers, employees, subcontractors, further agents and clients shall not be liable (except to the extent that liability under statute or by operation of law cannot be excluded) to any person for any loss, liability, damage or expense arising directly or indirectly from or connected in any way with any use of or reliance on such information. Any liability on the part of the Agent, their officers, employees, subcontractors, agents or clients for damages for any claim by a potential purchaser arising out of or in connection with this material, other than liability which is totally excluded by this clause, will not (whether or not such liability results from or involves negligence) exceed $1,000. The whole or any part of this document must not be reproduced without written consent from the Agent.

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