'Lifestyle' buyers buoy fisheries market
Demand for fisheries - particularly commercial fisheries with holiday accommodation and an owner's dwelling - improved considerably in 2017, according to Fenn Wright's Water and Leisure Division.
The company - which publishes the Fisheries4sale.com website, said the majority of interest came from lifestyle buyers who may rely on the sale of a small business or the sale of a house to fund their purchase.
According to Fenn Wright Partner Martin Freeman, 2017 saw a resurgence of these buyers and a significant improvement in their confidence and buying power, although writing in the company's 'Water and Leisure Review 2018', he warned: "The market for fishing rights, both coarse and game, for river fishing is weakening. In particular, short stretches with limited access in poor loctions are difficult to sell." However, he said that prime beats in England and Wales continue to attract good levels of interest providing they are realistically prices.
Looking to the current year, the report said: "The early indications for 2018, in spite of the recent interest rate rise, is that mixed use water-based businesses and fisheries can still provide a good return on capital, in particular when compared to current bank interest rates.
"There is likely to be a resonsble supply of all types of property in this niche area coming to the market, primarily due to retirement, and we expect demand to match supply for the current year."
However, the report cautioned: "There may be some uncertainty created by the impending Brexit in March 2019, but this sector of the leisure market has proved to be reasonably robust in the past.
To see what Fenn Wright's Fisheries4sale.com website has for sale follow this link.