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Where is This (London Mooring)


mark99

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It is indeed Cumberland Basin and the boat is also on eBay for a modest £250, 000

 

You can buy most of Lincolnshire for that!

 

Plus £7k pa mooring fee.

Edited by mark99
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Pictures here:

https://www.google.co.uk/search?q=cumberland+basin+london&sa=X&biw=1135&bih=740&tbm=isch&imgil=rFmJkvpBkXpP8M%253A%253BgRxKVS9y0qw3lM%253Bhttp%25253A%25252F%25252Fwww.londoncanals.uk%25252Fcanal%25252Fclnd.html&source=iu&pf=m&fir=rFmJkvpBkXpP8M%253A%252CgRxKVS9y0qw3lM%252C_&usg=__jLuP8CfEPHv9ZX1eeD2MH0dciyU%3D&ved=0CDEQyjc&ei=6j4VVYeOLIbm7gaCm4D4CQ#imgrc=rFmJkvpBkXpP8M%253A%3BgRxKVS9y0qw3lM%3Bhttp%253A%252F%252Fwww.londoncanals.uk%252Fcanal%252Fcblnd%252FDSC08170.jpg%3Bhttp%253A%252F%252Fwww.londoncanals.uk%252Fcanal%252Fclnd.html%3B757%3B344

show the boat in the advert moored almost directly opposite a very Chinese looking boat with a very massive superstructure. Being overlooked by dozens of diners in a restaurant would be a very Marmite thing I guess, some people might hate it and others would see it as a bit of a laugh. Having Regents' Park on the other side would be a definite plus.

 

If it comes with a permanent right to moor there, then the value of the boat is almost irrelevant. It's prime central London and £250,000 would be a bargain. If not, it would of course be a rip-off, because the boat itself must be worth a lot less.

 

Fans of bizarre oriental architecture in the UK should also take a look at this wonderful Beckenham landmark:

http://en.wikipedia.org/wiki/Chinese_Garage

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I'm pretty certain that resi moorings here are transferable. I guess for a 'residence' in that area it is probably the cheapest thing on the market.

I can confirm the mooring is transferable .....

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If it comes with a permanent right to moor there, then the value of the boat is almost irrelevant. It's prime central London and £250,000 would be a bargain. If not, it would of course be a rip-off, because the boat itself must be worth a lot less.

 

 

 

Still plus £7k per year on top. Mind you the houses in Regents Park can top £50M.

Edited by mark99
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Pictures here:

https://www.google.co.uk/search?q=cumberland+basin+london&sa=X&biw=1135&bih=740&tbm=isch&imgil=rFmJkvpBkXpP8M%253A%253BgRxKVS9y0qw3lM%253Bhttp%25253A%25252F%25252Fwww.londoncanals.uk%25252Fcanal%25252Fclnd.html&source=iu&pf=m&fir=rFmJkvpBkXpP8M%253A%252CgRxKVS9y0qw3lM%252C_&usg=__jLuP8CfEPHv9ZX1eeD2MH0dciyU%3D&ved=0CDEQyjc&ei=6j4VVYeOLIbm7gaCm4D4CQ#imgrc=rFmJkvpBkXpP8M%253A%3BgRxKVS9y0qw3lM%3Bhttp%253A%252F%252Fwww.londoncanals.uk%252Fcanal%252Fcblnd%252FDSC08170.jpg%3Bhttp%253A%252F%252Fwww.londoncanals.uk%252Fcanal%252Fclnd.html%3B757%3B344

show the boat in the advert moored almost directly opposite a very Chinese looking boat with a very massive superstructure. Being overlooked by dozens of diners in a restaurant would be a very Marmite thing I guess, some people might hate it and others would see it as a bit of a laugh. Having Regents' Park on the other side would be a definite plus.

 

If it comes with a permanent right to moor there, then the value of the boat is almost irrelevant. It's prime central London and £250,000 would be a bargain. If not, it would of course be a rip-off, because the boat itself must be worth a lot less.

 

Fans of bizarre oriental architecture in the UK should also take a look at this wonderful Beckenham landmark:

http://en.wikipedia.org/wiki/Chinese_Garage

You quickly get used to it.

 

We don't even notice that we are moored with a restaurant 30ft from the bow of our boat anymore when we on our home mooring.

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  • 1 month later...

I think he wants way too much, personally. Must be seeing what he can get.

Last boat that sold there had a premium of about £60k and took quite a while to sell. It's about £12k a year there, to moor, most other moorings in central London are about the same. A friend of a friend moors there. It's a nice location. but she says, the trip boats taking the turn make a lot of wash and one of the neighbours is fond of alfresco noisy boozing sessions that run into the wee small hours, on the shared outside space, so I'm not sure quite how idyllic it is. Thing is most London moorings, no matter how expensive they are, are not full of yuppies, they still tend to be occupied by real ale swigging alternative types, CRT haven't managed to get rid of us. Yet.

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If boat is worth £40K but it's sold with transfereable mooring at £100K you are paying £60K premium just for the right to secure and rent thereafter the mooring.

 

 

Except that you don't get the right to moor there at all, for your £60 premium.

 

All you get is a tenancy agreement transferred to you, which can be cancelled at two months' notice by the landlord - should he decide he doesn't like the cut of your jib.

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Except that you don't get the right to moor there at all, for your £60 premium.

 

All you get is a tenancy agreement transferred to you, which can be cancelled at two months' notice by the landlord - should he decide he doesn't like the cut of your jib.

 

Not a prob at sixty smackers.

 

smile.png

 

Mtb is of course correct.

Edited by mark99
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I agree, worth the risk for the £60 premium I typed.

 

But at a £60k premium, personally I think I'd walk away given the total lack of security.

 

Chances are the LL would let me stay but equally if he cancelled the agreement there would be damn all I could do to recover my £60k.

 

In addition, one becomes a target for extortion from the landlord. Nothing stopping him (legally) from issuing notice to quit then demanding either a 1,000% rent increase or, say, a premium of perhaps £60k for a new lease. This sor tof thing happens routinely in the world of commercial letting, and there is nothing to stop it happening with boat moorings unless they are legit residential. Even then there is doubt.

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They are legit residential and the contracts predate CRT managing them, so you have more security, the only thing that might go up (oh and it has gone up a lot), is the rent.

 

One would need to read the tenancy agreement then. If its an assured tenancy then all bets are off. If it's an assured shorthold tenancy (as most will be) then there is no security of tenure and the premium is a total gamble.

 

 

 

(Edit to change 'best' into 'bets'!)

Edited by Mike the Boilerman
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