News Posted in Local Developments, News.

Part of harbour is now for sale

A section of the city’s harbour is up for sale for the first time in 100 years at a cost of around £6 million.

 

The new owner of the multi-million pound plot of land would also automatically become Lord of the Manor of Bosham – an historic title.

 

The Burhill Group Ltd has instructed property consultancy Vail Williams LLP to sell the Lordship of the Manor of Bosham and property interests that were previously part of the ancient Manor of Bosham, in picturesque Chichester Harbour, and it is being marketed internationally.

 

In addition to the quay and other valuable waterfront land, the freehold includes more than 800 moorings in Chichester Harbour. The annual income from rents and mooring licences totals more than £400,000.

 

The freehold estate includes Bosham Quay and the Old Mill, now the home of Bosham Sailing Club, together with other associated property linked to the sailing club.

 

Ian Froome, a Vail Williams partner who specialises in marine and leisure markets, said: “This is a sound financial investment and the ancient manorial title makes it somewhat of a rarity, so we anticipate keen interest from buyers nationally and internationally, especially because of the Guinness family connection.

 

“We anticipate strong interest, both here in the UK and internationally, and we expect offers to exceed £6 million.

 

“Manors are of ancient origin, dating before Norman times. The owner is entitled to refer to themselves as Lord of the Manor and they can use it on any legal or personal documents.”

 

The sale is expected to attract strong interest as the freehold has been owned by members of the Guinness family since the late 2nd Earl of Iveagh acquired the Manor back in the
1920s.

 

At that time, both he and other members of the family were keen yachtsmen and regularly sailed their own boats in Chichester Harbour and the Solent, generating strong local connections.

 

Ian, of Vail Williams’ Solent Region, added: “Bosham, with its 10th century church and harbour, is in an idyllic setting – it is quintessentially English.

 

“Chichester Harbour is a designated Area of Outstanding Natural Beauty and is one of the most popular leisure sailing waters in the UK, with ready access to the Solent and the globally renowned yacht racing town of Cowes.”

 

Since the early 1920s, various family members have either lived or spent much of their summer holiday time in Bosham and have a long affection for the area.

 

In 1976, the estate was transferred to the Burhill Group, which has now entered a long-term agreement with The Chichester Harbour Conservancy for management of the moorings and, more recently, day-to-day management of Bosham Quay.

 

Colin Mayes, chief executive of Burhill Group Ltd, said: “This is a unique opportunity to acquire assets which have been in the same ownership since the 1920s so are offered for sale for the first time in nearly 100 years.

 

“We have been honoured to be custodians of these unique and prestigious assets for nearly 100 years and are now keen to pass these on to a new owner who will protect, and enhance the harbour in years to come, for the benefit of all users.”

 

The freehold land extends to include the foreshore and bed of Chichester Harbour, up to the mean high water mark from the Emsworth channel to the west of Thorney Island, across to the Bosham channel and part of the Chichester channel.

 

More details about the sale and the process can be obtained from Vail Williams LLP.

 

Email: ifroome@vailwilliams.com or call: 02392 203200 or visit: vailwilliams.com

Posted in Local Developments, News.