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.
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.
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.
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.
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.