Own a 4 week-a-year-use share this fractionally syndicated yacht based in Puerto Portals for just £35,000
This spacious Flybridge Yacht was selected as suited to be a shared fractional yacht because it effectively has 4 cabins, if one includes the crew cabin, which is fitted out to a high standard so it can be used by guests.
The expertise of the syndicate is immediately recognisable by the addition of items such as the water-maker.
They have shared yachts in Puerto Portals for over a decade and have everything about their operation and yacht working perfectly down to a fine art.
This syndicate is a Fractional Association Platinum Member,
This syndicate is also Platinum Member of the Fractional Association, giving each shareholder the comfort that it is very well managed.
Owners are assured that the Fractional Association’s complete operational criteria are adhered to, offering fully transparent access to accounts and working to the association’s Code of Conduct and fulfil their Maintenance Management criteria; including an owners’ website for the selection of their weeks, a communication forum and real time access to the management accounts.
The Fractional Association have devised an algorithm that makes the weekly selection process as fair as possible for each individual owner. Every year the order of selection changes so that those who were disadvantaged the previous year are advantaged the following year.
This is how it works: Each person selects a week in rotation. Person 1 chooses one week, then it’s person 2, 3, 4, 5, 6, 7 and 8 all choosing a week at a time in order. This cycle is repeated until all 48 weeks for the year are allocated, (the remaining 4 weeks are retained as maintenance weeks). The following year it’s done in reverse which gives the person who chose 8th the ability to choose 1st instead, and so on. Each year, after the 48 weeks are fully allocated, it is normal that some swapping takes place after the 48 weeks are allocated between owners for those who prefer 2 weeks together for example. The Fractional Association’s website forum for each syndicate has a special section for week swaps or for cancelled, unused weeks which owners trade with one another.
This syndicate has a cross section of owners, some preferring school holiday dates, other keen to avoid them. The owners are also of different European nationality meaning that there is further diversity in date preferences as holiday dates also differ between each nation.
One might describe this as an entry level price for what is definitely not entry level yachting. This is as good as it gets!
Fractional ownership is a commercial proposition that has been around for many decades but has become ever more popular in recent years. It is a method of ownership where several people can own a share in an expensive asset.
Traditionally, luxury yachts have been owned by the privileged few at huge expense. Along with the high purchase price comes a significant ongoing cost associated with the yacht’s upkeep, including mooring fees, maintenance, insurance and guardinage.
Yacht fractions not only substantially reduces the initial financial outlay; it also offers equivalent savings in the ongoing operational expenses. Yet it doesn’t compromise the owner’s use, size or calibre of the yacht or expose them to all of the risks or hassles that accompany ownership of the entire yacht.
One simply pays for the time one is on board and somebody else pays when somebody else is on board. This is a very modern approach to better asset management, commonly referred to as the sharing society.
Because an independent professional generally handles the management of the yacht, the fractional owners are free to enjoy themselves and are removed from the detailed management issues. Each owner is free to use his/her share of the asset according to the terms of each actual syndicate agreement.
A very common misconception about fractional ownership is that it is a form of timeshare by a different name. This is not the case. With timeshare one does not own a share in an asset, simply the right to use that asset for a set period of time. When that time expires, one is left with nothing. With fractional ownership, one owns the asset and receives title papers reflecting that ownership. If one subsequently desires to sell, one can do so.
No more waiting for that elusive dream. Through fractional syndication one can capture the moment sooner and enjoy yacht ownership without having to meet the full financial outlay attributed to the outright purchase of a yacht.
The sleek looks of the 57 are the newest expression of the Princess marriage of contemporary style with understated elegance. In the large and airy saloon, expansive windows give panoramic views. Below, the two staterooms and a further spacious guest cabin set a new standard for this class. Her performance is as thrilling as her looks. She delivers exhilaratingly high cruising speeds, assured seakeeping and long range capability.
WATER MAKER - 9.5kW diesel generator. Power-assisted hydraulic steering system. 9.5hp bow thruster. Autopilot. Colour radar with chartplotter/GPS. Electric anchor winch (2000W). Electro-hydraulic trim tabs. Dual-station log and echo sounder with alarm. Dual-station VHF R/T. Remote control searchlight. Saloon TV/DVD/Radio with surround-sound system. Cocktail cabinet with refrigerator and icemaker. Owner's suite stereo CD/radio. Microwave/conventional oven/grill. Utility room with deep freeze and automatic washer/dryer. Electrically operated port and starboard wheelhouse windows. Electrically operated drop window to aft cockpit. Teak-laid aft cockpit deck. Full-sized teak-laid transom platform with tender/wetbike stowage facility. Remote control telescopic electro-hydraulic passerelle (2.9m) with tender lift facility. Hot and cold transom shower. Flybridge bar with electric barbecue grill. 220/240v shore power with 45-amp float battery charger.