SOLENT-BASED property advisers, Vail Williams LLP, has advised The Crown Estate on the sale of the freehold interest in Deganwy Marina to Lakeland Leisure Estates Limited for an undisclosed sum.

Deganwy Marina, built in 2004 on the Conwy Estuary, in North Wales ffers 165 berths, with hard standing, car parking and toilets, showers and laundry facilities in the marina building. In June 2015 it was awarded a 5 Gold Anchor rating by the Yacht Harbour Association.

Whilst owned by The Crown Estate, Deganwy Marina has been leased to and managed by Quay Marinas Limited, a respected multiple marina operator.

Lakeland Leisure Estates Limited, based near Windermere, is owned by the Morgan family. The company owns and operates three inland marinas on the canal network and has extensive experience of running caravan parks.

Ian Froome, patner and hHead of the specialist Marine and Leisure team at Vail Williams LLP, said: “Boasting some of the area’s most fantastic waters, and situated opposite Conwy Castle and Snowdonia National Park, Deganwy Marina represented an exceptional opportunity for the right buyer.

“It was a pleasure to advise The Crown Estate on this deal and we’re pleased to see Lakeland Leisure add to their portfolio with such a high quality marine asset.”