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Fractional Yacht Ownership in the Western Med
The Western Mediterranean is famed for its glamorous ports where the nightlife often surpasses the rock-star styled fun filled days at anchor.
This region is very much about active lifestyle yachting, where coming back into port at night to enjoy some land based gastronomic delights and a cool vibe in the bars and clubs, is very much the norm for yacht owners.
Fractional yacht owners in the western Med tend to use their yachts more as a floating holiday home than a passage-maker. Fractional ownership therefore works particularly well in these waters as berthing costs tend to be among the highest in the world, and an idle yacht can become restrictively expensive. Through shared ownership, the mooring is in constant use, balancing-out the value proposition.
Yachts in these waters tend to fall into two primary categories:
• Sleek flybridge yachts designed to offer high occupancy levels of accommodation coupled with ample living space. Sub 60ft yachts often boasting 3 spacious cabins, and over 60ft yachts offering 4 cabins or more. These make ideal holiday-home type fractional yachts, as they are perfectly configured to blend the mix of style and comfort desired.
• Rapid and purposeful looking open yachts to offer extensive outdoor entertaining areas, very much with day boating in mind. These yachts are ideally suited to fractional ownership when combined with a land based holiday home and often bought by villa owners who would like some time at sea but wish to avoid the costs and hassle of outright yacht ownership.
Equipment and Information
Hull Shape: Deep Vee
LOA: 63 ft 4 inBeam: 16 ft 6 in
Total Power: 2030 HPCruising Speed: 24 mphEngine 1:Engine Brand: CaterpillarYear Built: 2008Engine Model: C18Engine Type: InboardEngine/Fuel Type: DieselLocation: PortEngine Power: 1015 HPEngine 2:Engine Brand: CaterpillarYear Built: 2008Engine Model: C18Engine Type: InboardEngine/Fuel Type: DieselLocation: StarboardEngine Power: 1015 HP
Fresh Water Tanks: (200 Gallons)Fuel Tanks: (750 Gallons)
Number of cabins: 4Number of heads: 3Number of bathrooms: 3
RadarGPSCD playerVHFCompassAutopilotPlotterDVD playerCockpit speakersDepthsounderYachtcontroler
Microwave ovenFresh water makerBattery chargerElectric headElectric bilge pumpRefrigeratorAir conditioningHot waterDeep freezerBow thrusterManual bilge pump
GeneratorShore power inlet
Teak cockpitCockpit tableTenderCockpit cushionsCockpit showerSwimming ladderHydraulic gangwayElectric windlass
Bimini TopAdditional Description
Self-drainingUpholstered seatingCockpit lightingCockpit coverStainless-steel handrailsElectro-hydraulic passerelle (280kg dinghy lift)Hatch on gas strut to lazarette stowageTransom door leading to bathing platformFull-length transom bathing platform with foldaway swimming ladder, hot and cold shower, teak sole, storage locker and deck lightLocker housing 220/240v shore support inlets and shoreline stowageLiferaft stowage lockerRope storage lockerBow & Stern Thrusters
All cabins feature opening and/or fixed portholes and 240v power points.ll bathrooms feature freshwater Vacuflush toilets with holding tanks and 240v shaver points
U-shaped sofa with coffee table2/3-seater sofa oppositeEntertainment centre incorporating LCD/TV/radio/DVD linked to hi-fi surround-sound system and with electric raise/lower mechanism for TV and also incorporating refrigerator and bottle and glass storageVenetian blinds, roman blinds, curtains or sunscreens to all windows and doorsOverhead downlighters and pelmet lightsStainless-steel framed aft cockpit doorElectric drop window to port sideDining area with table with seating for 6/7 and storage drawer below
24 Volt:4 x heavy-duty batteries for engine starting6 x heavy-duty auxiliary batteriesEngine alternators charge via diode system to isolate engine start batteries from auxiliaries100-amp 24v float battery charger for auxiliary batteries, 5-amp 24v float battery charger for engine start batteriesRemote battery master switches with control switch at main switch panelCircuit breakers on all circuits12v voltage dropper for certain navigation and radio circuits220/240 Volt:11kW generator in own soundshield with water-cooled and specially silenced exhaustAutomatic fire extinguisher situated by generator50-amp shore support inletGenerator/shore support change-over switchPolarity check systemEarth leakage safety tripCircuit breakers on all circuitsPower points (240v) in owner’s suiteGuest cabinsGalley (double)Saloon areaDining areaShaver points in all bathroomsAvonite (or similar) worktopCeramic 4-zone hob with air extractor unitCombination microwave/conventional oven with grillTwin-bowl stainless-steel sink with mixer tapFull height refrigerator/deep freeze (24v/240v)IcemakerDishwasherWaste disposal binOverhead and concealed lightingDrawers and storage cupboardsFire extinguishers: Automatic fire extinguishers in engine room and generator space. Hand-operated fire extinguishers (6) in: owner’suite, forward, port and starboard guest cabins, galley and lower helm position. Additional extinguisher fitted when optional aft cabin is specified BILGE PUMPS Automatic/manual overide electric bilge pumps (with manual override) in engine room (2), rudder area, lazarette and forward accommodation (7 in all) High-capacity manual bilge pump with valve system and suction points in same areas Electric bilge pumps have controls and warning lights at main helm and warning light with audible alarm at flybridge helm Additional Description POWER & DRIVE SYSTEMS 5-bladed aquafoil propellers in nickel aluminum bronze Bow thruster (155kgf) with dual-station controls Engine room lighting Engine room access hatch and ladder Power assisted electro-hydraulic steering system Trim tabs with indicators Electronic engine and gear shift controls Engine room extractor fan with electronic time delay Fresh water supply point in Engine Room Additional Description Teak-laid transom platform, cockpit deck, flybridge stairway and stairs to side deck Reversible electric anchor winch with foredeck, main helm and flybridge controls Stemhead roller with automatic anchor launch and retrieve Self-stowing 40kg Delta anchor with 40 metres of chain Twin electric-powered sternline mooring winches Bow rope stowage locker Bow and stern fairleads Freshwater deck/anchor wash Coachroof sunbed recess Stainless-steel bow, stern and spring cleats (2 pairs) Stainless steel pulpit and guard rails with fender baskets Forward coachroof handrails Flybridge handrails Heavy duty white PVC rubbing band with stainless steel insert Full set of IMCO navigation lights Riding light Dual station remote control searchlight Twin electric horns Fuel and water filler Dinghy chock system Lower Helm Position Twin helm seats with fore and aft adjustment for helmsman Burr elm instrument console with engine instruments, fuel gauges Dual station instruments and controls at Flybridge and Lower Helm Position: rudder position indicator electronic engine controls power-assisted electro-hydraulic steering bow thruster control electric anchor winch remote control trim tab controls with indicators autopilot HF with DSC R/T with intercom colour radar an GPS/chart plotter, speed and distance log echo sounder with alarm remote control searchlight high-speed magnetic compass horn button Chart table with light and chart stowage Windscreen wipers with windscreen wash Bilge pump controls 24v and 240v control panels PVC sunscreens Helmsman?s sliding door to side deck Flybridge Dual station instruments and controls (see LOWER HELM POSITION) Chart table Double helm seat Settees port and starboard of helm area Large U-shaped seating area for 6/7 with table Raised sunbed aft with storage below Stereo radio /CD Hatch to cockpit stairway Wind deflector screens Stainless-steel handrails Deck-level lighting GRP radar arch Console and seat covers Twin matching whip aerials for VHF R/T and radio Wet bar including sink with electric barbecue Refrigerated cool box Bilge pump audible alarm Other Items Supplied as Standard Set of cutlery, crockery and glasses Set of towels (8 large, 8 hand) Fenders (6) and warps (4) Ensign staff First aid kit Boathook Owner’s manual and engine manual and tools Quilted bedspreads for beds in owner?s stateroom and forward and port and starboard cabins Cockpit cover
Princess 62 Syndicate Information
This syndicate specifically chose the Princess 62 for its four spacious cabins and its high specification, among which is a hand held ‘Yacht-Controller’ remote unit. One can pilot the yacht from anywhere on board, making single-handed operation simple. This is particularly advantageous if one uses their in house skipper who is available at €250 per day, as he is able to moor the yacht without any guest assistance whatsoever.
One of the owners has chosen to upgrade to an 85ft syndicated yacht run by the same fractional group and is therefore offering his share in this yacht for sale.This yacht is so popular with her owners that they have decided to commission a comprehensive refit during the 2017/2018 winter season rather than the syndicate upgrading to a different yacht after their 3 seasons of use.The refit includes:New internal soft furnishingsNew internal carpeting throughoutNew galley flooringNew headsNew external upholsteryNew external tables & chairsNew BiminiTender upgradeComplete state-of-the-art upgrade of all navigation equipment.The total cost of the refit is circa €90,000.This syndicate has a cross section of owners, some preferring school holiday dates, other keen to avoid them. The owners are also of different European nationality meaning that there is further diversity in date preferences as holiday dates also differ between each nation.This syndicate is also Platinum Member of the Fractional Association, giving each shareholder the comfort that it is very well managed, and the Fractional Association’s complete operational criteria are adhered to, offering fully transparent access to accounts and other operational procedures. (see www.FractionalAssociation.com)The Fractional Association have devised an algorithm that makes the weekly selection process as fair as possible for each individual owner. Every year the order of selection changes so that those who were disadvantaged the previous year are advantaged the following year.This is how it works: Each person selects a week in rotation. Person 1 chooses one week, then it’s person 2, 3, 4, 5, 6, 7 and 8 all choosing a week at a time in order. This cycle is repeated until all 48 weeks for the year are allocated, (the remaining 4 weeks are retained as maintenance weeks). The following year it’s done in reverse which gives the person who chose 8th the ability to choose 1st instead, and so on. Each year, after the 48 weeks are fully allocated, it is normal that some swapping takes place after the 48 weeks are allocated between owners for those who prefer 2 weeks together for example. The Fractional Association’s website forum for each syndicate has a special section for week swaps or for cancelled, unused weeks which owners trade with one another.
6 weeks a year
8 (+2 crew)