What is shared boat 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?

Boat Share

Approximate Budgeted Annual Running Costs (based on a 62ft Semi Trad)

Item
Annual Cost
   
Moorings £1,545
Licence £700
Insurance £350
Weekly Turnaround Service £1,268
Oil Changes £450
Equipment Repairs £350
Breakdowns £200
Inventory £150
Gas £500
Miscellaneous £100
Petty Cash £250
   
TOTAL PER BOAT PER ANNUM £5,863
   
TOTAL PER 8% SHARE PER ANNUM £489 (a)
   
Annual Management Fee (Current) £350 (b)
Annual Winter Management Costs (approximate) £350 (c)
Other variable costs (approximate) £136 (d)
   
Total Annual Costs (approximate)
   
Budget running costs - as above £489 (a)
Annual Management fee - as above £350 (b)
Annual Winter Maintenance - as above £350 (c)
Other Variable Costs - as above £136 (d)
   
TOTAL COSTS (APPROXIMATE) PER 8% SHAREHOLDING PER ANNUM £1,325

This provides an indication of the likely running costs based on which you would pay £1,325 per year for 4 weeks use of your own boat, or around £330 per week.

If the boat is managed by ABC Leisure Group on one of their own marinas the costs could be further reduced and they have an option for syndicates to pay by monthly Direct Debit to spread the costs which in the example above would be just £110 per month.

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

Or for further information about boat management or shares available please contact us
Tel: 0845 126 4098 or email: boatshares@abclg.com

 

 

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