Which boat for next summer?

Author
Discussion

Badda

2,673 posts

83 months

Monday 27th September 2021
quotequote all
It did seem kind of inevitable you’d sell. Shame though!

Do the brokers take it on to their own mooring/hard standing? In other words, do you stop paying mooring fees once listed?

Louis Balfour

Original Poster:

26,304 posts

223 months

Monday 27th September 2021
quotequote all
Badda said:
It did seem kind of inevitable you’d sell. Shame though!

Do the brokers take it on to their own mooring/hard standing? In other words, do you stop paying mooring fees once listed?
Don't know. I can ask.

pequod

8,997 posts

139 months

Monday 27th September 2021
quotequote all
Sorry to hear you have decided to sell LB.

Are you aware that Farndon Marina charge 1% + vat of the sale price if you don't use their own brokerage?

''Berth Holders Selling Boats Privately
For vessels which are sold or exchanged whilst currently holding a berth at Farndon Marina, either with or without a completed mooring agreement, other than those on Brokerage with Farndon Marina, the owner or vendor shall be liable for the charge of yard commission of 1% plus VAT of the gross sale figure. In the absence of confirmation of the gross sale figure, the commission will be assessed on an average current valuation. The owner or vendor will be obligated to inform Farndon Marina of the transfer of ownership of any vessel for any reason to ensure that all liabilities for that vessel are discharged. Private FOR SALE signs are not to be displayed and the mooring is not part of the sale.''

As for value, this one (including a road trailer) currently being sold by Ancasta may give you a guide...

https://www.yachtworld.co.uk/boats/2021/jeanneau-m...

Good luck selling and I'm sure it will find a new owner quickly providing you're realistic about value, nett of brokerage fees.

BTW, did you get the correct prop fitted eventually and no issues with the drive shaft post your little incident?

Louis Balfour

Original Poster:

26,304 posts

223 months

Monday 27th September 2021
quotequote all
pequod said:
Sorry to hear you have decided to sell LB.

Are you aware that Farndon Marina charge 1% + vat of the sale price if you don't use their own brokerage?

''Berth Holders Selling Boats Privately
For vessels which are sold or exchanged whilst currently holding a berth at Farndon Marina, either with or without a completed mooring agreement, other than those on Brokerage with Farndon Marina, the owner or vendor shall be liable for the charge of yard commission of 1% plus VAT of the gross sale figure. In the absence of confirmation of the gross sale figure, the commission will be assessed on an average current valuation. The owner or vendor will be obligated to inform Farndon Marina of the transfer of ownership of any vessel for any reason to ensure that all liabilities for that vessel are discharged. Private FOR SALE signs are not to be displayed and the mooring is not part of the sale.''

As for value, this one (including a road trailer) currently being sold by Ancasta may give you a guide...

https://www.yachtworld.co.uk/boats/2021/jeanneau-m...

Good luck selling and I'm sure it will find a new owner quickly providing you're realistic about value, nett of brokerage fees.

BTW, did you get the correct prop fitted eventually and no issues with the drive shaft post your little incident?
Still waiting for the prop.

That MF looks good value! If that is what our would fetch, we would probably not sell.

I was not aware of the 1% fee, thanks for pointing it out.



Simpo Two

85,526 posts

266 months

Monday 27th September 2021
quotequote all
pequod said:
Are you aware that Farndon Marina charge 1% + vat of the sale price if you don't use their own brokerage?
That's just greed. Amazing that such practices exist.

So can Farndon Marina shift it for you at a competitive rate?

It would be interesting to see how Jones in St Ives (Cambs) compares. They will keep your boat free for a while if on brokerage.

NickCQ

5,392 posts

97 months

Monday 27th September 2021
quotequote all
Simpo Two said:
pequod said:
Are you aware that Farndon Marina charge 1% + vat of the sale price if you don't use their own brokerage?
That's just greed. Amazing that such practices exist.
Yes.. but given the way the clause above is worded I would not worry about it too much. What's to stop you terminating the berthing contract and moving the vessel elsewhere (by road or sea) at the point of concluding the contract? There doesn't seem to be anything there that stops you listing it on Apollo Duck, just a ban on putting a "For Sale" sign up.

pequod

8,997 posts

139 months

Monday 27th September 2021
quotequote all
Simpo Two said:
pequod said:
Are you aware that Farndon Marina charge 1% + vat of the sale price if you don't use their own brokerage?
That's just greed. Amazing that such practices exist.

So can Farndon Marina shift it for you at a competitive rate?

It would be interesting to see how Jones in St Ives (Cambs) compares. They will keep your boat free for a while if on brokerage.
I recall you posting a similar experience at your marina/yard Simpo, or is my memory failing (quite possibly), and yours was even higher I believe?

pequod

8,997 posts

139 months

Monday 27th September 2021
quotequote all
NickCQ said:
Yes.. but given the way the clause above is worded I would not worry about it too much. What's to stop you terminating the berthing contract and moving the vessel elsewhere (by road or sea) at the point of concluding the contract? There doesn't seem to be anything there that stops you listing it on Apollo Duck, just a ban on putting a "For Sale" sign up.
Of course, it may be possible to sell Balfour Boaty sight unseen/untested without too much detail on the 'private' advert (Friday Ads?) and then whip her away without explanation to deliver to the new owner in another place, but my guess is it will be near impossible to avoid the marina finding out? Cannot think that 1% +vat is going to be a deal breaker or worth the effort of subterfuge but simply needed explaining that the t&c's at Farndon are quite clear whether or not you sell privately (Friday Ads) or through an offsite broker.

NickCQ

5,392 posts

97 months

Monday 27th September 2021
quotequote all
pequod said:
Of course, it may be possible to sell Balfour Boaty sight unseen/untested without too much detail on the 'private' advert (Friday Ads?) and then whip her away without explanation to deliver to the new owner in another place, but my guess is it will be near impossible to avoid the marina finding out? Cannot think that 1% +vat is going to be a deal breaker or worth the effort of subterfuge but simply needed explaining that the t&c's at Farndon are quite clear whether or not you sell privately (Friday Ads) or through an offsite broker.
I'm no lawyer (and haven't read the whole contract) but a plain English reading of "sold or exchanged whilst currently holding a berth at Farndon Marina" doesn't appear to prohibit advertising the vessel for sale (excepting putting a "For Sale" sign on the vessel), showing potential buyers around or taking them for sea trials.

For the sake of (?) £500 and the satisfaction of not paying marina owners spurious fees I would certainly consider an off-site handover.

Simpo Two

85,526 posts

266 months

Monday 27th September 2021
quotequote all
pequod said:
I recall you posting a similar experience at your marina/yard Simpo, or is my memory failing (quite possibly), and yours was even higher I believe?
Actually you're right, forgotten about that. I negotiated it down to nothing smile

Just moving his boat out at short notice may still mean Balfour is contracted to pay to the end of the year or whatever he agreed to.

pequod

8,997 posts

139 months

Monday 27th September 2021
quotequote all
NickCQ said:
pequod said:
Of course, it may be possible to sell Balfour Boaty sight unseen/untested without too much detail on the 'private' advert (Friday Ads?) and then whip her away without explanation to deliver to the new owner in another place, but my guess is it will be near impossible to avoid the marina finding out? Cannot think that 1% +vat is going to be a deal breaker or worth the effort of subterfuge but simply needed explaining that the t&c's at Farndon are quite clear whether or not you sell privately (Friday Ads) or through an offsite broker.
I'm no lawyer (and haven't read the whole contract) but a plain English reading of "sold or exchanged whilst currently holding a berth at Farndon Marina" doesn't appear to prohibit advertising the vessel for sale (excepting putting a "For Sale" sign on the vessel), showing potential buyers around or taking them for sea trials.

For the sake of (?) £500 and the satisfaction of not paying marina owners spurious fees I would certainly consider an off-site handover.
Of course it doesn't preclude any berth holder advertising their boat on any platform whether that be Friday Ads or a third party Yacht Broker website, but Farndon and other inland waterway marina/yards appear to have similar conditions. Whether you consider paying the fee to the marina or not, is only a consideration if you are disregarding their t&c's and are willing to have a black mark against your name. If you don't believe marina operators share names of defaulters then I'm all ears! ears

NickCQ

5,392 posts

97 months

Monday 27th September 2021
quotequote all
pequod said:
is only a consideration if you are disregarding their t&c's and are willing to have a black mark against your name
Agree to disagree on what the T&Cs do and don't permit, I suppose!

I've never heard stories of marinas turning away "defaulters" over matters like this but my experience is limited to MDL on the South Coast, who (I suspect) feel they charge enough for berths that they don't need to pick up incidental fees on the side!

pequod

8,997 posts

139 months

Monday 27th September 2021
quotequote all
NickCQ said:
pequod said:
is only a consideration if you are disregarding their t&c's and are willing to have a black mark against your name
Agree to disagree on what the T&Cs do and don't permit, I suppose!

I've never heard stories of marinas turning away "defaulters" over matters like this but my experience is limited to MDL on the South Coast, who (I suspect) feel they charge enough for berths that they don't need to pick up incidental fees on the side!
Ha! Have you ever defaulted against MDL or any other marina operating company? I bet not and neither have I, but if you don't believe the Yacht Harbours Association have a blacklist of defaulters, then I am happy to be corrected. It's not about picking up 'incidental fees' it's more about who they and we (the berth holders) trust!

NickCQ

5,392 posts

97 months

Monday 27th September 2021
quotequote all
pequod said:
Ha! Have you ever defaulted against MDL or any other marina operating company? I bet not and neither have I, but if you don't believe the Yacht Harbours Association have a blacklist of defaulters, then I am happy to be corrected. It's not about picking up 'incidental fees' it's more about who they and we (the berth holders) trust!
I did have the argument with Berthon once. I was buying a boat where the previous owner had paid a year's berthing in advance - they wanted to "double dip" and get paid twice for the berth. We convinced them that this was not in their interest and their T&Cs were likely unenforceable.

pequod

8,997 posts

139 months

Monday 27th September 2021
quotequote all
NickCQ said:
I did have the argument with Berthon once. I was buying a boat where the previous owner had paid a year's berthing in advance - they wanted to "double dip" and get paid twice for the berth. We convinced them that this was not in their interest and their T&Cs were likely unenforceable.
Of course, they were undoubtedly trying to claim you, as the new berth holder, should pay and I have no doubt their t&c's stated (as do many other marinas) that the previous owner/berth holder had no recourse for a refund of fees paid and had no right to transfer their berth to you. They ultimately weren't out of pocket and you argued successfully to take over the berth. That isn't defaulting on payment but a successful negotiation on your part, well done.

If LB wants to market his boat where she is berthed then accepting the marina charge is the least of his worries, but it may be simpler and more financially advantageous to relocate Balfour Boaty back to the South Coast and let the original broker market and sell her, ashore and right outside their offices?

Much to consider, as always, when selling....

Jaguar steve

9,232 posts

211 months

Monday 27th September 2021
quotequote all
NickCQ said:
I did have the argument with Berthon once. I was buying a boat where the previous owner had paid a year's berthing in advance - they wanted to "double dip" and get paid twice for the berth. We convinced them that this was not in their interest and their T&Cs were likely unenforceable.
Quite right too. yes

Anybody trying Spanish Practices such as that on needs firmly putting back in their box and being informed you're taking your business elsewhere if they insist. If they then back down then of course you've got clear evidence they were trying it on with you.

Otherwise that'll become established as the norm in times when business is good and everybody will get shafted.

Louis Balfour

Original Poster:

26,304 posts

223 months

Friday 3rd December 2021
quotequote all
...and it's gone.

Balfour Boaty kept us sane through 2020 lock-downs and replaced the holidays that COVID stopped us having.

But the novelty of the local stretch of the Trent wore off. Family commitments for the coming year would have made coastal use impractical and when brokers started calling, with offers to buy, it was tempting. We sold it back to the supplying dealer for exactly what we paid brand new. We had used it for about 80 hours.

Did it whet our appetite for boat ownership? I am not sure that it did. Not for inland boating anyway. But I can well imagine, if we ever have a place in Italy, having a boat there, on the coast.

We learned a lot and, despite the wisdom that a boat is a hole in the water where you put your money, the fun we had was pretty cheap. It was an enjoyable, if brief, interlude.

Thank you to everyone who gave good advice.


Jaguar steve

9,232 posts

211 months

Saturday 4th December 2021
quotequote all
Louis Balfour said:
...and it's gone.


Did it whet our appetite for boat ownership? I am not sure that it did. Not for inland boating anyway.
M'kay. You know what to try next then...




smile

Louis Balfour

Original Poster:

26,304 posts

223 months

Saturday 4th December 2021
quotequote all
Jaguar steve said:
Louis Balfour said:
...and it's gone.


Did it whet our appetite for boat ownership? I am not sure that it did. Not for inland boating anyway.
M'kay. You know what to try next then...




smile
Tried that, Too many ropes.

Jaguar steve

9,232 posts

211 months

Saturday 4th December 2021
quotequote all
Louis Balfour said:
Tried that, Too many ropes.
It's Hookers and Coke and the end of an enjoyable thread then.

Oh well... biggrin