How It Works.
Why it’s better to own a boat share than a whole boat
Matching the benefits of ownership to the realities of time.
Unless you plan to live on a boat, you’re unlikely to use it 365 days a year. Our owners enjoy 43 days a year on the water—that’s six weeks of boating. As men and women with executive jobs or demanding businesses, they find that that’s just right. They don’t want to pick up the tab for the 322 days a year they won’t be using the boat. Sharing is the smart investor’s choice.
There’s much to learn when it comes to keeping a boat. Some of it’s who you know—reliable, trustworthy experts and tradespeople. And some of it’s what you know—keeping the boat maintained.
We take care of all that for our owners. Your boat will be serviced only by authorised tradespeople working to the manufacturers’ guidelines.
We have 10 syndicated boats on the water and 15 more under management. As a result, quality engineers, tradespeople, and suppliers are eager to work with us, and we have the expertise to keep your boat in optimal condition.
Of course, you might just want to relax with your family and friends, or talk to your clients. And you might want to have a couple of drinks, in which case the law is the same on the water as on the road. We can provide a skipper, crew, chef, and wait staff—whoever you need.
Behind the scenes.
You own the boat, but you relax while we do all the work other boat owners have to do themselves. We do the cleaning, keep the boat fuelled, and schedule and supervise the maintenance. We can arrange catering and alcohol delivery. Don’t want to pilot yourself? No problem, we provide crew.
You relax, we do the work.
What keeps machines functioning at peak condition is constant use. The engines need lubrication to stop them from seizing, the hull needs moving water to clean it, the batteries need charging, and the fuel and water in the tanks need to be fresh. A shared boat is a boat that gets used, which means it’s in better condition and better preserving its resale value than the boat next door that sits around for weeks at a time.
Want to take the helm?
Learning to pilot a boat is just like learning to drive a car, except it’s more fun, and fewer people get to do it. With our training, supervision, and ongoing support, you could be at the helm of your own multimillion-dollar motor yacht in a matter of weeks.
Unlimited training is included in your boat share. We want you to be confident when you’re taking your clients under the Harbour Bridge, showing your family Taronga Zoo from the water, or setting a course for Watsons Bay for a seafood lunch and swimming with friends. You can even sail through the Heads to cruise past the northern beaches up to Pittwater.
You’re the skipper—it’s your call.
Run your boating life with a click or a call.
Our concierge service means your boat trips run with a click or a call. Browse the calendar on our online booking system to select your days on the water. Bring your own food or drink, or book it through us and we’ll make sure it’s on board before you are.
Whatever you need, you can turn up with your clients, family, or friends and know that, every time, everything will be there, waiting for you.
The Financial Side
You are buying a boat that you will own in a syndicate with seven other people. Each syndicate is for a specific model of boat, identified in advance and bought only when the syndicate has all eight members. The amount of capital required will depend on the boat your syndicate will own. Shares to date have ranged from $45,000 to $325,000.
We sell the boats at a predetermined time in the life of the syndicate (usually less than 3.5 years). Like every market, the market for boats is affected by innumerable variables, so we can’t make guarantees. In the past, owners have recouped roughly half of their capital investment through the sale of the boat.
You can offer your share for sale before the dissolution of the syndicate.
& Management Fee
Owners pay a monthly amount representing an equal share of running costs, like berthing, maintenance, and cleaning. You pay for the fuel you use on your own trips.
Got a question? Get in touch with us now.
Luxury Boat Syndicates
Point Piper Marina
5 Wunulla Road
NSW, 2027 Australia