“That’s quite a claim”, some might say. “Why would it be described as the ultimate boat share?” Because we all know that buying a boat is only half the story, it’s the running costs that become the financial burden over time. Well, how about only having to pay for one quarter of the boat and then only one quarter of the running costs too? Well that’s certainly great, but let’s be honest, fractional yacht ownership is a well-recognised way of sharing boats.
However, this is where the ‘ultimate’ aspect comes into this particular yacht sharing syndicate: Imagine that one could further offset the one quarter maintenance fees! This boat share syndicate offers just that, by selling the occasional charter to further reduce those maintenance fees.
It goes further again, because this boat share is also a very cheap initial buy. We all know yachts depreciate, but after about 10 years they plateau at a level if they remain well maintained. That’s what has happened here: This custom-built yacht was a £2m yacht in its day but a one quarter boat share is for sale at £175,000 making her gross value £700,000. Well, in my book, a first-class condition, recently refurbished 80ft yacht with all the specification you could ever want will be worth about £700,000 for quite a few years to come.
The Vitech Euro 80 is the ultimate boat share – here’s why
This Vitech Euro 80 functional yacht was custom designed and built for this syndicate in 2009 and was recently refurbished and re-upholstered. She also has a brand new rib tender and new outboard. She has the added benefit of a full compliment of crew, reducing the running costs by receiving occasional charter income coupled with a very advantageously priced mooring when in Palma.
She is fitted out to an extremely high standard with the latest electronic, visual and sound systems and built to MCA & CE specification and can accommodate up to 8 guests in 2 double and 2 twin cabins located on the lower deck. She can cruise with up to 12 guests on board.
With its amidships master and great VIP stateroom located aft it’s like having two masters. She has a spacious aft deck with fixed seating and al fresco table, a huge swim platform ideal for fishing and water sports a fantastic sun deck with sunpads and another al fresco dining table.
She really is in great condition and truly loaded with extras including hardtop to flybridge, hydraulic bow and stern thrusters, high spec electronics & entertainment systems, wooden flooring, dive compressor and much more. She also offers superb entertaining areas include her extra large bathing platform, great aft deck dining and bow sunbathing.
This luxury yacht is also fully VAT paid, Spanish matriculation tax paid, and MCA coded for charter. She is powered by twin Cat C32 engines each with 1550hp giving her a rapid cruising speed of 24 knots and a top speed of 28 knots.
She is generally based in or around Sardinia during the peak summer months and in Palma during the rest of the year.