Riviera Nautic has provided Wonderful Boating Holidays through its large fleet of yachts and cruisers on the Gippsland Lakes for over 20 years. We are now extending our operation into the management of privately owned boats through syndicates. The first of these syndicates will own the well-proven Seawind 1000XL due to be launched late in 2010.
Syndicate
Two options:
10 per cent share $41,500, Monthly fee $440
Or
$220 per month plus $450 per use
How it works
Your ownership will be via a Unit Trust equity ownership structure and the term is 3 years with capital return on exit.
Each 10 per cent shareholding entitles the owner to 34 days use of the boat per year, spilt between summer/winter and weekdays/weekends to ensure each owner has fair and equal use of the boat. You can also have unlimited Standby days. We use an on-line booking system enabling you to choose the days you want to sail, booking up to 10 weeks in advance.
It’s a best-practice system that is tried and tested and has been shown to be both equitable and easy to manage.
Maintenance and customer service
Our maintenance and customer service systems have been developed to meet the stringent
demands of a successful charter fleet. To bring you truly carefree boating we provide:
• berthing
• insurance
• fuel, pumpout, water and gas
• laundry
• cleaning
• initial training
• on-water support
• carparking
• onshore showers and toilets.
We also administer the booking service, and all aspects of the running of the unit trust.
Cost
The cost of this complete maintenance and customer service is $440 a month.
Alternatively, if you don’t think you will use the boat enough, you can pay a fee of $220 per month then pay $450 each time you use it.
Carefree Boating. It's how boating should be: share the cost and
running expenses of a beautiful Seawind 1000XL with nine other
owners, set sail for 34 days of Carefree Boating and leave the rest
to us.
