Frequently Asked Questions
Boat share is a concept where multiple individuals invest in fractional ownership of a boat. It allows access to luxury yachts or other boats without the full financial burden of owning one. Boat syndicates in Sydney, like ours, provide this unique investment opportunity. Prestige Boat Syndicates is different in that the boat is owned by the OWNERS, not by a third-party.
You can find boat shares for sale in Sydney through our website, offering a variety of options to suit different budgets and preferences.
A private boat share syndicate involves a group of known individuals coming together to share ownership, compared to a commercial syndicate that sells shares to the public. At Prestige Boat Syndicates, our model is that the people in the syndicate own the boat, not a third party.
At Prestige Boat Syndicates, our model is that the people in the syndicate own the boat, not a third party. YOU own the boat.
Each syndication may vary. Prestige Boat Syndicates can syndicate boats between 4 and 10 owners. Generally we like to keep to a formula of 6 owners per boat.
Joining a boat syndicate varies in cost depending on the vessel and share size. Our boat shares for sale offer different price levels depending on your needs.
Boat sharing significantly reduces the costs and responsibilities of full ownership, providing a more accessible way to enjoy luxury boating in Sydney.
When you join a syndication you will be given security access to the Boat Equity 24 hour online booking system allowing you to book your time on the boat.
Selling your boat share can be facilitated through our syndicate. All syndicated boats under Prestige Boat Syndicates will not be restricted to a set term. In addition, each owner has the right to exit the syndication at any time. In the event of an owner either wanting to sell an existing share, to upgrade, or exit the syndication*, there will be an associated commission based fee. *An owner is able to exit the syndication once a replacement has been found, through Prestige Boat Syndicates advertising the vacancy.
An average day out on Sydney Harbour can vary depending on the amount of running time you do. Generally a day on Sydney Harbour can cost between $100-$200 depending on where you go and what you do.
Prestige Boat Syndicates takes care of all management of the boat. We have experience staff who look after your investment. We have schedule maintenance and cleaning programmes.
You pay for your fuel used. In addition if there are any repairs due to an accident or negligence then there will be costs that can’t be recovered in relation to the insurance policy.
Booking time is made easy through our online scheduling system, allowing you to plan your Sydney boat timeshare experiences efficiently. When you join a syndication you will be given security access to the Boat Equity 24 hour online booking system allowing you to book your time on the boat.
Rules and regulations are outlined in our boat syndicate agreement, ensuring fair access and usage for all shareholders.
Customised yacht experiences are available through our boat share program, including catering and personalised voyages.
Maintenance and cleaning are handled by our professional team, allowing you to simply walk on and walk off your boat.
It depends on what fractional ownership you own in the boat. A 1/6 boat share gives you a maximum of 60 days plus stand by days. Your usage also depends on whether you use the boat on weekends, weekdays or Public Holidays.
Yes you can. You will however be required to take an additional driver training programme at night.
Safety is paramount, with stringent standards in place for equipment checks, crew training, and adherence to local maritime laws for our Sydney boat shares.
Before taking the boat out yourself all boat owners will have to complete a driver training programme.
