2011 Princess 64

£ 120,000
Puerto Portals, Spain
Interested in this boat? Tel: +34620812935
  • Description
  • View Full Specifications
 

Fractional Share

Year:
2011
Length:
20m
Engine/Fuel Type:
Twin / diesel
Located In:
Puerto Portals, Spain
Hull Material:
Fibreglass/GRP
YW#:
80674-2985190
Current Fractional Price:
£ 120,000 Tax Paid 
18 :
share

OWN A 1/8TH SHARE IN THIS YACHT FOR JUST £120,000

Enjoy a 6-weeks-a-year-use share in this fabulous yacht berthed in one of the best moorings in Puerto Portals right opposite the central square.

This is the third yacht run by this very experienced syndicate, who have enjoyed many years of syndicate ownership together.

This spacious Flybridge Yacht was selected because it effectively has 5 cabins, if one includes the crew cabin, which is fitted out to a high standard as it is expected to be used by guests.

The yacht boasts a contemporary feel and comes with all the latest features such as a hydraulic platform, water-maker, telescopic bimini and hand held remote control docking.

The expertise of the syndicate is immediately recognisable by the addition of items such as the water-maker and the remote control for the bow & stern thruster, which helps with single-handed mooring or better handling at the fuel dock.

The syndicate is made up of 8 shareholders each enjoying between 3 and 9 weeks use a year. The owners are all British and there is an even spread of retirees and parents with school age children. This means there is a broad cross-section of preferences regarding the choice of school holidays, and those who prefer to avoid time on board during those periods.

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.

A 6 week share will be coming available at the end of this summer (2016), as one of the owners initially bought extra weeks, knowing he had a special birthday party, and many other extra occasions to have time on board this summer, but they will not need as much time on board thereafter.

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.





simon@yacht-share.net

Simon: +34620812935



Please contact Simon Maunder at +34620812935

Interested in this boat? Tel: +34620812935

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