The site was excavated on land bought with the help of locals, Mr and Mrs Clark, in 2016 to create a park for the two member clubs – Tamar and Tavy Gig Club and Weir Quay Sailing Club which now have their dinghies and gigs safely parked at the facility.
The park and recently completed boathouse have benefited from many donors, including The Eddystone Challenge, National Grid, Sport England, The Belinda Flynn Trust, J and L Brodley, The Tavy Tars, West Devon Borough Council and Devon County Council.
The club said it was most grateful to everyone for all of the donations and sponsored events.
The boathouse has a working floorspace of 14 metres by 10 metres. There is a dedicated training room for the rowers, showers and toilets and a purpose-fitted disabled shower and toilet room.
Chairwoman Tricia Stewart, on behalf of all the present and previous directors, said: ‘What a marvellous project! We are immensely proud of all the people from within and without the two clubs who have turned a dream into a really great watersports centre.
‘The whole site is a magnificent resource that is the equal of anything in South West England. We are seeking some further funds to complete the interior.
‘The premises are now helping to enhance the quality of training that our cadets and trainees are receiving towards safe and competitive sports. The next dream-come-true will be to see one of our members winning gold in a future Olympic Games!’