Owning a beautiful boat is an ambition only a few of us actually realize. For most people, the concept of buying and owning a luxurious boat and only using it a few weeks each year makes it uneconomic. Look in any Marina and notice how infrequently the boats are moved. The depreciation of the asset plus the maintenance and annual running costs are equally frightening.
But taking a share in a boat is easily affordable and offers unrivalled value for money. There is nothing complex about sharing this way and no catches. The boat is owned and managed by the Southern Crusader Owners’ Syndicate. Ownership of the boat is split into 35 fixed weeks, each year, with 12 weeks being syndicate-owned and are available to take as extra weeks for use by existing owners. Four weeks are reserved for maintenance. The running costs are divided equally between the 35 weeks and is approximately £350.00 per week.
The boat is owned by 24 like minded owners (some others have more than one week as well). Once you have purchased your share, all you will pay is the annual fee – currently £350.00 – which covers your proportion of maintenance, mooring, insurance, replacement items, etc. Plus diesel and pump out if you use the boat.
This is fantastic value for money when you think that to hire the same boat in basic form as a Broads hire cruiser costs £860.00 – £1565.00 to hire.
There are opportunities to take other members allocated weeks on payment of their annual fee (same as your fee – ie £350.00) if they are unable to take the week themselves. Or for other members to take your week on the same basis if you are unable to take your allocation, in which case your annual fee is reimbursed.