Aberystwyth's 150-berth marina on the market for £2.5m

The marina cost £10m to build and opened in 1995

The owners of Aberystwyth marina have put the 23-acre (9 hectare) site up for sale for £2.5m.

The 150-berth marina, called Y Lanfa, is believed to be the first in the UK to go on the open market since 2008.

Owners Merlin Homes say they decided to sell the site "to a more experienced operator who can develop the business".

The marina's sale is being handled by property advisers Colliers International.

John Rushby, head of parks, sports and marinas at Colliers International, said: "The reason for the sale is the owner is a property developer who developed the wider basin and shore side area.

"He is not an experienced marina operator ... but has built trade to a point where it is time to sell to a more experienced operator who can develop the business and he has other projects he can now focus on instead.

"Marinas tend to be sold off market, so when they do go up for sale on the open market they attract significant interest."

Annual berthing fees vary from £1,745 for vessels up to five metres in length to £3,775 for boats up to 14 metres.

The site also has planning permission for an additional 40 berths.

The marina cost £10m to build and opened in 1995.