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Sydney Boatshare offers an
all-inclusive boat ownership
program:
Why own a whole boat if
you would only enjoy it occasionally ? For an initial investment,
our owners buy a equity share of 10% or 20% in
one of the boats managed by Sydney Boat Share. Currently, we
manage a range of 22 boats 30 to 55 ft manufactured by Riviera (Australia), Princess
(United Kingdom) and Azimut (Italy). A 10% equity share will
grant the owner use of the boat for 33 days per year for the
life of the syndicate which is for 3 years. After that, the
boat is sold and the part-owner shares in the net proceeds of
the sales price of the boat. Within the three years of boat
usage, Sydney Boatshare will provide a 5 star "walk-on
walk-off" service arrangement that gives you and your
family a hassle-free and enjoyable time on the
water. Our boats are based at The Spit/Mosman,
Newport/Pittwater, Cabarita/Sydney-West and Rushcutters Bay/Sydney-City.
Please check our PRICE
LIST PDF (45KB)
Sydney
Boatshare is more than just a boat syndicate.
We
offer an all-inclusive "walk-on walk-off"
service for our clients. All cleaning, maintenance,
refurbishment, repairs, engine checks and vessel upkeeping
work is done for the owners by Sydney Boatshare. There is
absolutely nothing to worry about - you just pick up your boat
on the day you have it booked and return it. We will take care
of all work and costs associated with boat ownership:
Daily Cleaning Inside and Outside to highest standards
Repairs and Equipment replacement up to budgeted annual amount
Regular Maintenance, Engine services as
prescribed
Comprehensive insurance including Personal Accident
and $10M liability
Permanent Marina berthing
Refurbishment of interiour and equipment on a regular
basis
A fully equipped kitchen with all plates, cutlery, pots,
pans, kettle, et etc
Installation of additional equipment as required by the
owners
FREE Minibar (non alcoholics only) &
Nespresso Coffee maker (incl Coffee)
Supply of fresh linen and blankets for all beds
Refilling of boat with petrol / diesel
after your use
Skipper assisted "Valet Boat Parking" service at no
additional cost
Vessel value conservation program
Why part-ownership instead of owning the
whole boat ?
Reason
1: Justifyable capital investment and opportunity
cost
A Boat really is quite an
expensive piece of lifestyle equipment. A sizeable,
prestigious 43 ft. cruiser with enough accomodation for the
whole family would typically cost around A$ 400,000 -
700,000 depending on the brand and whether it is a new or used
boat. Such a "piece of luxury" owned outright
(100%) will cost the owner the initial capital
investment plus opportunity cost if paid for the boat in cash or
interest paid if the boat is financed. Opportunity cost is the
amount of interest you would have received if you would not
have bought a boat but invested the money in a fixed term
deposit instead. With the initial capital investment being around
the A$ 500,000 mark or even higher, the investment is huge and
the opportunity-cost/interest alone amounts to approximately A$
25,000 per year. With Sydney Boatshare, your capital needed
for a 40 foot luxury sportscruiser can be as
low as A$ 34,900 one-time investment in "true
ownership" of a 10% share of the boat.
Reason 2: Capital return to you when the boat is
sold
When a boat is sold, our owners share in
the net proceeds. You will only have paid for the true
depreciation of your boat. Our boat management program will
ensure the resale value of each boat in our shared ownership
arrangement retains the maximum resale value. Our boats will
typically depreciate between 35% and 45% within a 3 year
ownership period - it depends on the type of vessel. Ask us
for details.
Reason 3:
Cost-effective boat ownership
For a 43 ft.
Riviera cruiser in the example above, the normal upkeeping
costs are approx. A$ 30,000 per year (berthing, insurance,
services etc) plus approx. A$ 40,000 in depreciation if
owned outright (plus any amount of interest if
the boat is financed). The financial burden of owning a boat
is huge and often underestimated by boat purchasers. As
a part-owner with Sydney Boatshare, you will only pay your fixed
amount of annual maintenance that includes all costs
associated with boat ownership. For example, our Riviera M400 would
attract an all-inclusive maintenance contribution of only $10,950
per year (incl GST). Our boat owners own their boat, and
at the same time they are saving on the normal costs that
come with boat ownership - and still use the boat a generous
33 days per year. Most people would not use a boat more than
that even if they would own the lot.
Reason 4: No commitment for maintenance and
administration of the boat
Boat ownership not only means money, it
also means a lot of time spent on organising repairs,
slipways, spare parts, engine checks .... Just ask a
boat-owner: The chores are endless.
And if a boat
is not maintained well it will depreciate even faster and give
the owner less enjoyment. Sydney Boatshare takes care of all
operational aspects involved in boat ownership for the
part-owners. Our service is all-inclusive stroll-on,
stroll-off boating. All our boats are maintained in spotless
condition throughout the ownership period, with focus on
detail and value conservation. Our service is perfect for busy
people who would like to enjoy a boating lifestyle without the
price tag and commitment.
Resale values od boatshare
boats - Case Studies
While we
do not guarantee the resale values of the vessels in our
fleet, we are proud to achieve excellent results in the used
boat market. This can be illustrated by the following boats
that have left our fleet already. We say that on average, our
boats will depreciate around half of it's original value, but
in most cases we are able to deliver much better
results:
2003 Riviera M370 - depreciation of 37 % -
delivered 63% gross back to owners
2002 Riviera M3850
- depreciation of 25% - delivered 75% gross back to
owners
2003 Riviera M430 - depreciation of 32% - delivered
68% gross back to owners
2004 Riviera M400 early build -
depreciation of 44% - delivered 56% gross back to
owners
How often can part-owners use the
boat and how are days allocated ?
Each
owner of a share in a boat is entitled to a certain number of
days booked usage of the boat per year:
| Increment Ownerhsip |
|
10% |
20% |
| Days Usage per year |
|
33 days |
66
days |
Our owners can book
their days up to 4 months in advance and are still completely
flexible: Bookings can be changed (i.e. in bad weather
situations) without penalty or limitations. Bookings can be
made conveniently over the internet or by phone. Each day you
book is guaranteed for you, your boat will be ready for you
(cleaned and refilled) at 9:30 a.m.. Overnight usage is also
possible if two or more consecutive days are booked. You can
book single days as well as extended holiday periods of up to
a week.
For prices, please see our pricelist PDF (45KB)
More
information: See our
fleet and view availability
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| Sydney Boat Share Pty Limited ACN
120 858 933 | |
