Buying vs leasing? I’ve leased for years and not had any issues?
The main argument for buying is the financial rewards. It costs a very similar amount to buy as to the overall costs of a long-term lease, but at the end you have an asset to sell. With only a limited amount of boat berths for sale, don’t miss out on this opportunity to secure an asset with great capital growth potential. Want to find out more? Enquire here.
If I buy a boat berth, can I lease it out until I’m ready to use it?
Absolutely – there are major benefits of buying your freehold berth now and not missing out on a strong investment. We can support you with boat berth leasing if you don’t want to use your berth straight away. Find out more about investment here.
When The Jetty or Pier needs replacing who pays?
The Pier is ‘Common Property’ and is owned and maintained by the Body Corporation. The Body Corporation/ Owners Corporation is a prescribed Owners Corporation and is governed by the Owners Corporation Act.
This means that they must have a maintenance plan for all common property including the piers and other assets. This Maintenance plan is re-assessed on a regular basis and funds are put aside for all maintenance/ replacement costs when they occur.
All the details, including the available cash at bank that the owners corporation has access to, are available in the Vendors Statement that is provided to you prior to you signing the contract for your berth.
Is there security at Hidden Harbour?
Yes, absolutely!. Hidden Harbour has a very advanced security camera that views the whole of Hidden Harbour, and has the ability to move, zoom and pan to cover the whole Marina. It is monitored 24 hours a day by the on-site control room, and can despatch a security vehicle or boat if they see anything out of the ordinary. The security vehicles and boats are located next to the boat ramp, so response times are very good too! Security is funded by the Owners Corporation from your Body Corporate fee’s, Please visit our blog about security at Martha Cove here.
If I was to invest, what about the maintenance to the berth?
No need to worry, we have an owners corporation that looks after the maintenance and security of the wet berth for you. There is no need for frequent site visits as security will be checking on your boat 24 hours a day. Hidden Harbour Marina really is one of the most secure spots for boat storage on the Mornington Peninsula.
What are the ongoing expenses?
Unlike a number of other options for boat berths on the Mornington Peninsula there is no club membership at Hidden Harbour Marina. When you buy a freehold berth you gain access to all the facilities. Like any community-based asset purchase there is a small quarterly owners corporation fee. This covers all of the facility costs, maintenance, insurances and security. There is also a small charge from South East Water and rates for a boat berth.
What is the Harbour like coming in and out?
The main feature of Hidden Harbour Marina is its tranquility and ease of access. The harbour entrance is 2.4 metres deep on low tide with no sand bars and never crowded so it’s easy to come and go. The depth of the marina is suitable for keels 2.2 meters and we know it is healthy due to the amount of fish swimming around the marina.
Why the Mornington Peninsula?
The Mornington Peninsula is known for its beautiful coastlines, adventure trails and marine activities plus its ongoing love affair with wine and gourmet produce. Less than an hour’s drive from Melbourne and the South Eastern suburbs, Hidden Harbour Marina allows you to take in the beauty of this stunning region and experience aquatic life further down the bay. You can take the opportunity to explore in your boat any number of outstanding fishing spots and breathtaking sceneries around the coast. Find out more about the Mornington Peninsula here.
Why Martha Cove?
Hidden Harbour Marina is located within Martha Cove which is an exclusive, protected harbour away from the exposure of the open sea. Situated between Safety Beach and Mount Martha in a quiet and peaceful marina you can be confident your boat will be safe. There is a great established community at Martha Cove which is expanding all the time and a retail plaza on the way.
I’m not really ready to buy, can I lease a berth?
Yes – boat berth leasing is managed privately through owners. Enquire here. However, don’t forget you pay a similar amount to own a freehold berth and then you will have an asset to sell at a later stage.