Boat Share

Shared Boat Ownership

What is Boat Shared Ownership?
This is a way to own a part (normally 8% or 4 weeks use per year) of a boat to enable you to enjoy spending time on your own boat but sharing the initial purchase price and annual running costs. The boat is managed for you so that you spend your time cruising rather than on administration and maintenance. How does this compare to other boating options?

Borrowing
If you are lucky enough to have a friend or family member who are prepared to lend you a boat, we have to admit, it is the cheapest and most cost effective form of boating.

Hiring
This is the way most people are introduced to the beauty and enjoyment of canal boat holidays. If you only want the occasional weekend or weeks boating holidays this is probably for you. If you want three or four weeks a year on a boat you know the quality of, full or shared ownership is for you.

Click here if you want to find out more about hiring.

Buying a boat
If you have more that 4 weeks a year available to use a boat, want to live on it, or like tinkering every weekend, then buying a boat of your own, (If you can afford it), may be for you. However, think carefully because it is a big investment in both time and money.

Click here if you want to find out more about buying a boat.

Who is Shared Ownership for?
If you don't have the time to use a boat for more that 4 weeks a year, and only want to enjoy using it, not maintaining it and sorting out problems, fractional boat ownership is probably for you What does buying a share actually involve? We have a variety of narrowboat shares and cruiser shares available now.

Click here if you want to find out more about boat shares for sale.

Your Share
There are generally 12 owners in a boat syndicate, each of whom purchase an 8% share. An 8% shareholding entitles the owner to use their boat for 4 weeks a year for the life of the boat. An AGM is held for each boat share syndicate at a central location. At the AGM each member draws their four weeks - This is a week in Spring, Summer, Autumn and Winter. Syndicate boat members can swap weeks with other owners. Unused weeks are made available for fellow syndicate owners to use. Running costs are divided between owners each paying in proportion to their share ownership (normally 8%). Owners are charged a management fee for the administration of their syndicate At the AGM the owners will vote on where the boat is to be based in the following year. A fortnight is set aside each year where the annual maintenance work is carried out by the boatyard where it is based.If you are an inexperienced boater we can arrange a RYA helmsman course. We can offer a resale service if you decide to sell your share. You enjoy using it and we deal with the boat administration and maintenance.

About the Boatshare company - ABC Leisure Group
ABC Leisure Group have operated boats for groups and corporations for many years alongside their own hire fleets (Alvechurch, Viking, Redline and Wessex) boat building and marinas. They are well placed to offer all the facilities, services and advice required for your boat. Why not take a look at the current syndicate boats that we have available and share a boat?

New narrow boat shares for sale
This Autumn will see the launch of a new shared narrowboat and shares for which are now available .

If you have any questions relating to how the narrowboat shared ownership scheme operates you may well find the answer in our FAQ document.

Click here for the full FAQ's.

Equally typical costs of owning a canal boat share have been outlined to give you some indication of annual running costs.

If you cant find the information you are looking for or would like to discuss the canal boat shared ownership scheme please contact us on 0845 126 4098.

If you would like to be kept up to date regarding new canal boat shares or other boat shares that become available then send an email to boatshares@abclg.com indicating your requirements.

Click here for details of all our marinas and boatyards in England, Scotland and Wales.