> Benefits of Share Ownership
> Technical Management
The programme provides a fractional ownership scheme that incorporates a complete bespoke management service is stress free and makes financial sense. Through the programme, we offer the opportunity to buy part or parts of a fully serviced, fully-crewed 31 ft (for small budget) and 75 ft luxury motoryacht on a shared costs basis, with a package that also combines a five-star level of service. We take care of all the management, administration and maintenance, so the customer is free to enjoy the experience of owning his own yacht. All for a fraction of the cost of individual ownership.
We look after the whole cycle of the yacht's life from inception through to final sale, leaving the customer to enjoy the benefits of a hassle free ownership programme. We ensure that the regular maintenance and service schedule is adhered to (thereby ensuring the maximum residual value), that all the crew are fully trained and personally known to the owners, and that whatever their requirements, we are able to fulfill them.
The West Coast Marine Yacht-share service means when the customer steps aboard his, it is personalized to his specification, with his personal photographs on the sideboard, his preferred choice of films and music in the entertainment system and even his favourite brand of tea and coffee in the galley. In every respect, the yacht is his own. Simply turn up and go. When he is not using the yacht, his possessions are securely stored ready to put back on board, whenever he next comes on board Each yacht is staffed by a fully qualified skipper, a chef and when required an additional crew member/steward.
To ensure that each boat is carefully maintained and serviced, and that there is sufficient flexibility for owner availability, we have calculated the minimum usage period to be 32 weeks per annum. Every Yacht has a maximum of 16 owners, with each owner therefore entitled to a minimum of 2 weeks of use per annum. The may choose any number of 1/16ths depending upon how much time you wish to spend on board. Once the yacht is acquired, there is one simple annual management charge to cover the costs of the crew, insurance, servicing and food, and thereafter the customers only have to pay for fuel, food and the wine and spirits that he and his guests require
Any spare capacity in the schedule, beyond the owners' chosen weeks, is offered to charter. These yachts command a premium weekly charter rate and the customer stands to benefit from this income. In addition, if he cannot fully utilize his weeks, West Coast Marine can on his behalf, arrange chartering to a third party, subject to demand.
Financing Options
Many owners try to balance their enjoyment with astute financial planning. We can introduce you to our partner bank to discuss the customers current situation, assess it and give you guidance on the best path. If you wish, they may be able to arrange finance for you.
