A GRADE II marina has gone on the market for an undisclosed sum. 

Specialist hotel property adviser Christie & Co has been instructed by accountancy firm Azets to bring Port Dinorwic Marina to the market. This comes after Port Dinorwic Marina Limited fell into administration [last month].

The marina, which dates back to 1763, was acquired in 2017 by The Marine and Property Group and occupies a freehold site area of 9.16 acres (3.1 ha).

It provides 180 berths and offers year-round cruising in the Menai Strait, which separates North Wales and Anglesey.

In addition, the main harbour building features Swellies café, a physiotherapist and office space, all let to third-party occupiers. Further third-party occupiers providing rental income include La Marina restaurant, Beauty by Maryam and Riah hair salon.

Simon Monks, Restructuring Director with Azets and joint administrator, said: “The administration of Port Dinorwic Marina Limited will enable what is a very attractive underlying piece of operational real estate to find a new owner and hopefully new investment through an open marketing process.

"Working with the team on site, we have asked Christie & Co to coordinate the sale on our behalf.”

Jon Patrick, Head of Leisure & Development at Christie & Co, said: “Marinas, like a number of other leisure related business models (including holiday parks and garden centres) often remain in the same family or ownership structure for many years. As a result, there are a limited number of opportunities available at any one time and interest when one does come onto the open market can be considerable.

"In view of the attractive location and potential business upside opportunities presented, we believe that Port Dinorwic Marina is likely to generate a wide variety of prospective purchasers and/or investors, both from within the industry as well as those looking for lifestyle investments.”

Any interested parties should contact Christie & Co.