Amenities
Since 1998, Volunteer Landing Marina has provided Knoxville area boaters with a premiere boating location offering access to an assortment of amenities unrivaled by other local and regional waterside facilities. As an innovative leader in the marine industry with outstanding facilities and services, Volunteer Landing Marina is now proud to offer boat owners and investors an exciting opportunity to purchase covered, year-round deep-water boat slips from 24’ to 70’.

Equity
The current shortage of in-water boat slips in the United States is a well-known and documented challenge for the marine industry. Demand for boat slips will continue to exceed supply, particularly in marinas offering first class facilities and signature locations. Purchasing, versus renting or leasing, allows owners to build equity in their boat slip investment.

Appreciation
Tough governmental regulations continue to limit construction of new marinas in the United States. Combined with the consistent demand for quality boat slips in established, premium locations like Volunteer Landing Marina, a tremendous opportunity for asset appreciation is created. Current development plans for Knoxville’s South Waterfront, situated across from the marina, include a continuous river walk, sidewalks, bikeways, parking and new shoreline parks. Private developers have been attracted to the South Waterfront’s possibilities of new housing, retail and office space and various entertainment destinations.

Tax Benefits
Depending on your individual tax situation and whether or not you choose to finance your boat slip condominium, mortgage interest deductions, second home qualifications, and other tax benefits may apply. The purchase of your boat slip condominium may also be considered as part of a 1031 Tax Deferred Property Exchange. Please consult your tax adviser for details.

Managed Expenses
Long-term ownership of your boat slip can also make it easier to manage your boating expenses as rental rates continue to rise. Structured properly, after-tax costs of ownership might actually be less than the cost of renting over the same period. Additionally, as a slip owner and member of the Volunteer Landing Condominium Association, you will have a voice in the condominium’s management and administration.

Rental Income
You may also exercise the option to collect rental income if you choose not to use the slip personally. Volunteer Landing Marina’s professional staff is available to manage this rental option for investors. Additionally, having a fixed payment based on today’s low interest rates may provide positive cash flow opportunities as rental rates escalate.

Security
The purchase of a boat slip condominium is similar to the ownership of other leasehold properties, like traditional residential condominiums. All aspects of the common elements are detailed in the Master Deed and other documents governing the condominium and ownership interests can be sold or transferred at any time.