Yacht Partnership in Greece 2014 and beyond
Over the past 11 years some of our yachts have been part of our yacht partnership scheme. Our partners use their yachts for upto six weeks per annum. In addition to usage the yacht generates income of around 6-7% of the capital invested. Typical depreciation over five seasons is around 20-25%%.
The best testiment to the quality of the scheme is that 80% of our partners who have been with us for five years are re-investing for a further five years.
|PROFITABLE & STRESS FREE|
The Ionian – is not a strong wind area, we only operate yachts for six months a year hence yachts are not heavily used.
Income is payable on scheme 1 - some of this is guaranteed, income is paid at a fixed rate for each week the yacht goes out.
Scheme 2 is without income.
Maintenance and Cleaning – Our standards are extremely high yachts are subjected to a 120 point engineering check every time we see them. A full winterisation and servicing program is completed including an “A Glaze of the GRP”.
You will not have a tired looking charter yacht at the end of 5 seasons.
Investor usage is generally based on 6 weeks per year split between low and mid seasons, the scheme in future will allow weeks to be swapped for a Caribbean based yacht.
The Scheme Length is five seasons - this may be extended by mutual agreement. The investor may terminate the agreement in any year.
Prices – All prices quoted are shown in sterling. We buy yachts in Euro an exchange rate of 1.17 €/£ has been used, prices will be adjusted to actual rate at time of payment. Prices are inclusive of everything required on the yacht from bedding, cutlery, dinghy, outboard, EPIRB, Life raft, etc. The list is extensive with the extras being a substantial addition to the base yacht cost.
Yacht running costs – We pay all yacht running costs including insurance, mooring fees and maintenance.
Qualifications – All of our charterers have to meet the legal requirements in addition we personally evaluate the ability to sail the size of yacht requested. As an RYA training school we provide additional training if required
VAT – Is payable at the end of the charter period if the yacht returns to private ownership in Europe
Resale – Depreciation is typically 20-25% over 5 years. There are no commission charges for sales through or website.
*The prices shown above are subject to change without notice. VAT is excluded from the above and will be deferred until the end of the 5 year charter period. Please contact us we can provide further details of the yacht you are specifically interested in.
Sail Ionian are a quality service provider our clients respect your yacht as your yacht will be maintained to the highest of standards, and won't be abused.
Our partnership yachts allow you to have the benefit of a fully maintained yacht, without any maintenance worries, you just turn up in Greece and enjoy the sailing.
Our scheme allows you to make a profit from your investment in a yacht, something rarely achieved in yacht ownership.
Sail Ionian We currently have around 30 yachts ranging form Bavaria 30's to a Hanse 495. Being family run we treat all yachts as our own, they are all maintained to the highest of standards. We pride ourselves on providing a quality service on highly specified yachts. Sail Grenadines our sister company in the Caribbean have a selection of yachts from a Bavaria 40 to a Beneteau 50.
We currently have not planned and do not intend any massive increase in our fleet but are content to provide a top quality service with well maintained and equipped yachts; we see this as a market niche. Much of our motivation for being involved with yachts is quality of life.
We look to order our next season boats for Greece before September each year, this means they are produced over the winter, and ready for fitting out in March, before being sailed from Slovenia to Greece in April. The optimum time to order your yacht is before the end of July to beet the price increases and take advantage of winter discounts.
Our Caribbean yachts are ordered in the Spring to allow them to be in the Caribbean for the season start in November.
There are many advantages of owning a yacht with our partnership scheme, many but not all of these are financial. Owning a yacht privately involves extensive maintenance, preparation of the yacht, and the costs of mooring, insurance, and winterisation.
You spend your holiday sailing, the yacht is prepared fueled and watered ready to go when you arrive.
- The yacht is kept in one of the most beautiful and safest sailing areas in the world.
- There are NO running or maintenance costs
- There are NO mooring fees
- There is NO Insurance to pay
- The yacht can produce a substantial income
- The yacht is fully maintained by experts
- You sail the Southern Ionian with full support services
- We take care of winterisation, servicing etc.
- VAT deferred to the end of the management period (New yachts)
- Everything is stress free you can sail your dream yacht without spending hours on maintenance.
- We are a family company and treat the yachts as our own and offer flexibility within the scheme
- We can also provide training and assistance to those new to yachting in a relaxed atmosphere.
- When you use your yacht there are generally no mooring or anchoring fees in the Ionian