Peel Water Police and the Arson Squad are investigating a suspicious fire which destroyed several boats at Mariners Cove early Saturday morning.
Just after midnight this morning police and fire crews arrived at the jetty on Darwin Terrace where three leisure boats were on fire.
The fire spread to two other boats causing considerable damage.
Two of the three boats were destroyed and the third sustained damage to its covers and seating.
The jetty was also damaged by the fire.
The Department of Fire and Emergency service estimated the fire caused more than $750,000 worth of damage.
Inquiries are continuing.