The Elan Impression 40.1 for example, is a comfortable, easy to handle 40 foot yacht with enough accommodation for the whole family. The fully optioned up cost is $449,500. To calculate the true cost of ownership you must include the initial capital investment, plus the opportunity cost if paying in cash, or interest paid if the boat is financed. (Opportunity cost is the amount of interest you would have received if you invested the money instead of buying a yacht.) With syndicated ownership, the capital required for all the benefits of owning this yacht is $44,950 per 10% share.
This Elan Impression 40.1 has an all-inclusive maintenance contribution of $5,950 per year per share (incl. GST). Our yacht owners own their yacht, and at the same time saving approximately 90% of the normal costs that come with yacht ownership – and still use the yacht a generous 33 days per year as a minimum. If the yacht is available (i.e. not booked) then any owner can use it on a stand by basis. Most
people don’t use the yacht this many days even if they own 100%.
Each owner of a share in the yacht is entitled to a certain minimum number of days usage of the boat per
year as follows:
10% share: 33 days per annum | 11 days per Trimester, consisting of 8 Weekdays & 3 Weekend Days
20% share: 69 days per annum | 23 days per Trimester, consisting of 17 Weekedays & 6 Weekend Days
30% share: 105 days per annum | 35 days per Trimester, consisting of 25 Weekdays & 10 Weekend Days
Additional days are available on a ‘stand by’ basis
Owners can book their days up to four months in advance and still have complete flexibility.
Bookings can be changed (i.e. in bad weather situations) without penalty or limitations. Bookings are made conveniently over the internet at any time of day. Each day you book is guaranteed for you, and your yacht will be ready for pickup at 9 am. Overnight usage is possible if two or more consecutive days are booked. You can book single days or extended holiday periods. Standby days are also available for weekday and weekend bookings
Yacht ownership not only costs money, it can also mean spending more time maintaining and repairing the yacht than enjoying the sailing. It is never ending, but a yacht that is not well maintained will depreciate even faster than necessary. The syndicated yachts are professionally maintained throughout the ownership period, with focus on detail and value conservation. This service is perfectly suited for our busy lifestyles, where most people are time poor but still want the sailing lifestyle without the commitment. Sydney By
Sail takes care of all the operational aspects involved in yacht ownership, resulting in an all-inclusive
walk-on, walk-off sailing experience.
Sydney By Sail Yacht Syndication Program meets strict legal requirements and has full approval from
Roads and Maritime NSW. The yacht is insured with full comprehensive insurance and legal liability. The
Yacht is registered with Roads and Maritime for recreational use.
When the yacht is sold, the owners share in the net proceeds. You will only have paid for the true
depreciation of your yacht, and our stringent management program will ensure that each syndicated yacht retains the maximum resale value. Our boats will typically depreciate by about 40% within a three year ownership period. Historically syndicate yachts are sold in a reasonably short time frame.