Own a fraction in a Classic Yacht
Fractions of classic wooden yacht (of Hillyard type), total cost approximately GBP 35,000.
To be based South Coast (e.g. Gosport) on swinging mooring in Summer, marina in Winter.
Fractions to be allocated in 50th (cost GBP 700). 1/50th is the minimum share size, 1/5th is the maximum share size.
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Running costs tba, but would be in the region of GBP 500 pa per typical 10th fraction or GBP 100 per 50th fraction.
For fractions below 1/10th (GBP 3,500) the weeks to be used in each year will be allocated by lottery, 1 week for each 50th fraction.
Each 10th fraction would entitle the fraction owner to 1 week high-season use, 1 week mid-season, and 3 weeks low season. The yacht will be out of use 2 weeks in each year for maintenance. The order in which the weeks are chosen by the fractional scheme members would rotate, with the initial order being decided by lottery.
To use the yacht a minimum level of competence would be needed. This would be provided either by possession of certificates (e.g. Day Skipper, Yachtmaster) or by proof of experience/trial.
To find out more/express interest please email neil@thefractionaltimes.com
Tags: fractional ownership deals, fractional sailing, fractional UK
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