Fractional Yacht Ownershp
Fractional ownership is a commercial proposition that has been around for many decades but has become ever more popular in recent years. It is a method of ownership where several people can own a share in an expensive asset.
Traditionally, luxury yachts have been owned by the privileged few at huge expense. Along with the high purchase price comes a significant ongoing cost associated with the yacht’s upkeep, including mooring fees, maintenance, insurance and guardinage.
Yacht fractions not only substantially reduces the initial financial outlay; it also offers equivalent savings in the ongoing operational expenses. Yet it doesn’t compromise the owner’s use, size or calibre of the yacht or expose them to all of the risks or hassles that accompany ownership of the entire yacht.
One simply pays for the time one is on board and somebody else pays when somebody else is on board. This is a very modern approach to better asset management, commonly referred to as the sharing society.
Because an independent professional generally handles the management of the yacht, the fractional owners are free to enjoy themselves and are removed from the detailed management issues. Each owner is free to use his/her share of the asset according to the terms of each actual syndicate agreement.
A very common misconception about fractional ownership is that it is a form of timeshare by a different name. This is not the case. With timeshare one does not own a share in an asset, simply the right to use that asset for a set period of time. When that time expires, one is left with nothing. With fractional ownership, one owns the asset and receives title papers reflecting that ownership. If one subsequently desires to sell, one can do so.
No more waiting for that elusive dream. Through fractional syndication one can capture the moment sooner and enjoy yacht ownership without having to meet the full financial outlay attributed to the outright purchase of a yacht.
Our Worldwide Fractional Yachts
This syndicate have been sharing yachts for over 10 years and with that extensive experience were extremely selective in their choice of yacht as they upgraded.
The criteria they set for this yacht required a spacious 3 en-suite cabin layout, without any bunks, extensive social space, a hydraulic platform with a Williams Tender, simultaneously fitting an 18m mooring in Puerto Portals.
A timeless classic built by one of the most experienced Italian yards, Falcon Yachts. She was fully refitted in 2019 modernising all the key features whist retaining her distinctive European exterior lines while her interior showcases the most impressive use of space and offer accommodation for 10.
This versatile Menorca based day boat offers safe and predictable handling coupled with a smooth ride for coastal cruising, watersports and on board entertaining in the many beautiful pine-fringed calas that the island boasts.