Berth Sale & Purchase
Wellington Marina Berths
The Process
Chaffers Marina does not charge a commission; we recommend you contact the Chaffers Marina Office to arrange a viewing of berths for sale and to discuss with the Marina Management Team your requirements for a berth.
We will show you the berths that are available and are authorised, on behalf of the shareholder, to discuss terms and conditions. Once an offer to purchase shares has been accepted by the vendor then the Marina Management Team will arrange for the necessary documentation which includes Sale and Purchase agreement, Share Purchase and Share Transfer notification, approval by the CML Board and credit check for the purchaser.
As part of the Sale and Purchase agreement, a Share Transfer Fee of $375 + GST and a Share Re-Grant Fee of 2% of the purchase price are added to the purchase price. The Vendor and Purchaser will notify the Marina Management Team as to how this will be paid (i.e. by either party or split between the Vendor and purchaser).
The Vendor continues to be liable for the marina fee’s on the berth to Settlement Date, which is to be entered into the sale and purchase agreement.
As a new shareholder you become liable for the marina fees upon the Settlement Date; these fees are based upon the size of the berth (i.e. the shareholding) and include a Annual Marina Licence Fee and Annual Asset Maintenance Fee (invoiced and paid monthly. A full list of these fees are available on the Chaffers Marina website.
Berth locations
Marina Redevelopment
Chaffers Marina shareholders approved the implementation of the Long Term Asset Management Plan (LTAMP). The LTAMP is the process by which all the marina assets and facilities will be replaced over the coming years. The redevelopment of all marina assets is to be part funded by annual fee increases (both shareholders and tenants) and a ‘one off’ payment based on shareholding (classed as a ‘capital contribution’).
There was a significant period of consultation with shareholders over the LTAMP; this plan was developed so that Chaffers Marina continues to operate as Wellingtons premier marina facility, maintaining the value of the shares held by shareholders and continuing to offer a friendly and sociable atmosphere to marina stakeholders.
Chaffers Marina Ltd considers that the redevelopment of the marina will maintain the capital value of shares and continue to enhance the reputation of what we consider to be a world class floating marina in a unique location in the heart of Wellington.