500,000 Reasons to Long-Term-Lease Your Slip

More than 500,000 new boats have been sold in the U.S. Each year since 2000. The number of new boat slips created is a tiny fraction of that amount. As demand for dockage grows – particularly at premium marinas – DOCKOMINIUM ownership is an attractive option to insure against rising slip rates and limited availability.

A dockominium is the water-based version of a condominium. Rather than owning an apartment in a building, the owner has the remainder of a 99-year lease of a boat slip in our marina. In addition to the exclusive right to use the boat slip, dockominium owners may use the common areas of the marina, much as one would have the right to use the common areas in a residential condominium development. The owner may occupy or rent the slip, or sell interest in the lease at any time.

The marina manages the common areas and provides all required services such as maintenance, security, insurance, administration, legal, brokerage and property management of the dockominium facility. Owners pay an annual fee to cover their share of those expenses.

Dockominium ownership assures that you’ll always have a place to keep your boat at one of New England’s premier marinas, free from worries over dockage rates and availability of slips.

Dockominiums at Kingman Yacht Center start at around $85,000. Slips suitable for a range of boat sizes are available. To learn more, email John Burman or Jeff Pimentel, or call 508-563-7136.

 

  • A “Must Stop” for Visitors to Cape Cod…

    If you like “lobsta” (salad) rolls or want to try a really good one? Then make sure you try to get to the Chart Room, it’s located at the Kingman Yacht Center @ Shipyard Lane in Cataumet MA (02534). It gets crowded here though especially this time of year, but GO here any way, like I said, make those reservations. This one is a landmark! It’s located in a really charming spot so be prepared. A lot of yachts & sailboats through the harbor here, so if you want a real Cape Cod experience then definitely make reservations for this place for lunch or dinner, it’s that good.

    – NoMo1, via TripAdvisor.com