£495,000
Lease with 88 years to run Includes existing 90 foot Houseboat.
No expense spared to make it one of the best houseboat moorings on the Island.
All works are documented and costs recorded (£50,000 spent) , including complete new electricity supply system, installation of sewage holding tank, manufacture and fit of proper spud legs and a very high quality gang plank .
UNIQUE LEASE
The lease actually has 88 years to go
There is a parking space in an off road car park included.
The lease is different to most on Embankment Rd in that the plot is much longer at 30m (100 feet) and wider (12.1m (40 feet) and has a much longer duration to go as it was written fairly recently as its own head lease for 99 years – The other/older/cheaper leases were probably 50-75 years originally and come under a restrictive head lease limiting boats to a max of 75 feet (This mooring does not come under that head lease).
