Boatyard is sold to firm for an undisclosed sum

The deal, brokered by experts in the marine and leisure team at commercial property advisers, Vail Williams, saw previous owners property investment company, Fuller Group, sell the 135-berth marina and boatyard in an off-market agreement.

Deacons Boatyard, on the River Hamble, had been owned by the Fuller Group since the 1960s.

In recent years, it had undergone an extensive programme of works, including the dredging of the marina, and the development of new marina infrastructure in 2014.

The business also comprises a skilled boat repair and maintenance operation, backed by complementary tenant engineering and support services.

Alex Fuller, director at Fuller Group, said: ‘We have invested heavily in the boatyard over the years, helping to create one of the areas most loved marina complexes. We are now very pleased to facilitate the next stage of its development under the ownership of the Dean & Reddyhoff group.’