How it Works - Whitsundays
1: Maximum of 8 owners per yacht
2: Each owner has 6 weeks usage
3: Yacht based at Coral Sea Marina, Airlie Beach
4: Flexible usage and freedom to explore
Each yacht in the Whitsundays syndication program has a maximum of 8 ownership units.
The Whitsunday based fleet will be managed to sail the East Coast of Australia according to the season with the main base in the Coral Sea Marina, Airlie Beach, Queensland.
Usage begins in the afternoon of the first day and ends by 10.00 AM on the disembarkation day unless otherwise agreed.
With the agreement of the syndicate members the yacht may be delivered to another port by a professional crew, in which case transit time is not counted as part of owner usage, but the cost is shared by the owners.
The yacht may operate from Hervey Bay and Sydney Harbour during the summer season. It may also make the crossing to New Caledonia and operate from the Dream Yacht Charter base in Noumea.
Cost Benefit Analysis Shared Ownership v Charter
Cost Benefit Analysis of Shared Yacht Ownership in the Whitsundays of a Catana Bali 4.4 based on 6 weeks usage: There is no restriction on the duration of the usage within the 6 weeks. Cost of 1/8 share in the yacht is $199,000. This comparison is with a Charter Yacht, Catana Bali 4.3 2015 build, as at September 2021. Costs are in Australian dollars.
*This represents a cost benefit in the order of 60%
Technical Service and Management in Australia
Each share is entitled to 6 weeks usage per year with a maximum of 8 shares. There are no restrictions on the duration of each usage during that entitlement.
4 weeks are kept free for annual maintenance and transits during the year.
Last minute bookings can be made on a space available basis.
The fees for technical service and management are all inclusive and payable monthly.
The inclusions are all listed below:
• Berthing of the vessel in a full service marina
• Comprehensive Insurance for the vessel
• Cleaning of the vessel after use
• Annual slipping
• Annual antifouling and hull polishing
• Engine services – two per year
• Sail-drive/leg service – one per year
• Regular engine check-ups including top-ups on oil, batteries, water, etc
• Vessel maintenance at approved facilities
Note: repairs requested outside of the home base may attract a charge for the owner requesting the repair
• Laundry service at turnaround
• Underwater inspection and hull scrubs
Please note that loss, damage or repair necessitated by improper use will be handled on a case by case basis and may be charged to the owner using the boat.