August 5, 2017

St Olaves Marina sails towards new owner

Savills, on behalf of a private client, has brought to the market St Olaves Marina in Norfolk at a guide price of £1.65 million.  The marina and commercial boatyard benefits from a prime position on the Norfolk Broads, where the River Waveney meets the New Cut, and has excellent road

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Apprenticeships funding should meet employer demand, says CITB

CITB has responded to a new report on apprenticeships by saying that funding must meet employer demand. The wide-ranging report, by the National Audit Ofice (NAO), looks at how to maximise benefits from the Government’s apprenticeships programme. Among the NAO’s recommendations was that the Department for Education should set out

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Issue 323 : Dec 2024

August 5, 2017

St Olaves Marina sails towards new owner

Savills, on behalf of a private client, has brought to the market St Olaves Marina in Norfolk at a guide price of £1.65 million.  The marina and commercial boatyard benefits from a prime position on the Norfolk Broads, where the River Waveney meets the New Cut, and has excellent road connections via the A143 and A146 with Great Yarmouth 6.5 miles away and Norwich 17 miles. The nearest train station is Haddiscoe, around one mile from the marina with services to Lowestoft and Norwich. The marina has three pontoons providing 144 serviced berths but capable of accommodating  approximately 150 boats. In addition there is around 250m of piled moorings along the New Cut. Two office buildings, car parking, a boat storage area and travel lift accommodating boats up to 70ft by 18ft is also provided. Kay Griffiths, associate in the leisure and trading team at Savills, comments: “St Olaves is a unique opportunity for an owner occupier to acquire a  well located marina that boasts good access by both river and road. The marina has been significantly expanded in recent years and has not yet reached maturity. Whilst able to benefit from good mooring income, the property affords the new owner the opportunity to take the business to the next level and explore avenues such as boat sales and repairs, further moorings, storage and developing holiday lodges.” According to Savills Aspects of Leisure report, UK marina development is on the rise as operators look for additional sites. Several portfolios of marinas came to the market in 2015, the most significant activity in recent years, with bidders from both within and outside the sector. Savills anticipates that the sale of St Olaves Marina is likely to generate a good level of interest. Source link

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Apprenticeships funding should meet employer demand, says CITB

CITB has responded to a new report on apprenticeships by saying that funding must meet employer demand. The wide-ranging report, by the National Audit Ofice (NAO), looks at how to maximise benefits from the Government’s apprenticeships programme. Among the NAO’s recommendations was that the Department for Education should set out the overall impact on productivity and growth, how  the programme’s success will be measured, and should develop more robust ways of managing risks. Steve Radley, Director of Policy at CITB, said: “While this report supports boosting apprenticeship numbers, it also shows they must be good quality and targeted at the skills employers need to increase productivity. “High quality construction apprenticeships are vital to building the homes and infrastructure our economy needs. “A target for apprenticeship starts helps to raise its profile but it must take into account employer demand to ensure funding is targeted where it can have the greatest impact.” Source link

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