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Enquire about this syndicateFlybridge Motor Yacht Olympia
GO BACKSyndicate Overview:
| No. of Shares: 10 | Share value: £125,000 | (In the region) |
| Days use: | 28 days use anually |
| Asset status: | Awaiting delivery,Building process |
| Single share running cost: | £19,000* estimated anually |
| Location: | Rest of World, Thailand, |
| Structure: | Company |
| Management type: | Self-managed |
| Contract: | CP106 Share holders agreement |
| Used for income generation?: | Members decide |
| Additional information: | How Does It Work? Ownership M/Y OLYMPIA luxurious yacht fractionally owned yacht is effectively owned by a separate company structure, in which a defined equity shareholding package entitles the shareholder to regular use of the companies sole asset, the boat. Ownership lasts for the useful life of the vessel, as determined by the shareholders. Shares can be traded and transferred during the life of the vessel, subject to due diligence checks. Access and bookings Olympia Holding (Phuket) Co., Ltd. will berth, maintain, service and valet M/Y OLYMPIA in Yacht Haven Marina*, always ready for your ongoing use. Owners may pre-book their annual fixed boat use entitlement, up to 16 months in advance. 85 days per annum remain un-booked, the necessary amount of which are used for regular vessel maintenance. The unused portion of this time is used for private charter or shareholder stand-by days. Charter revenue generated during the remaining days will be shared by all owners to reduce the annual maintenance fee. In addition, should you run out of pre-booked days you can access the stand-by pool days for additional time on M/Y OLYMPIA’. A small fee is payable equivalent to one extra day maintenance levy, which is assigned to your maintenance fund to offset extra budget maintenance requirements. * Marina selection to be reviewed as development occurs Maintenance M/Y OLYMPIA maintenance, cleaning, valet, mechanical, registration insurance, marina fees, captain & crew costs and corporate services are provided by our professional contractors under the supervision of the General Manager of Olympia Holding. Shareholders pay one year’s maintenance levy in advance together with the required insurance / maintenance bond, at the time of share allocation, thereafter topping up the fund twice a year. Boat skills and locality training The purchase of an equity share in M/Y OLYMPIA includes a course in boat skills as well as locality training. Additional training and tuition is available upon request. Shareholding and entitlements Twinpalms Phuket's fractional ownership program can be purchased in packages of 10%. You decide how much or how little you purchase according to your boating needs with each 10% providing you up to 28 pre-booked days and unlimited stand-by days. Each of the 28 days includes full crew and a THB 10,000 fuel allowance. Chartering opportunities M/Y OLYMPIA luxurious yacht could be chartered at approximately THB 150,000 for a Day Cruise and THB 250,000 for an Overnight Cruise. It is reasonable should you wish to participate to the chartering pool to expect 10 days charter per year per 10% share holding. Your acquisition M/Y OLYMPIA luxurious yacht will deliver more than you might expect from any other motor yacht in her class. A range of additional comforts sit at ease alongside the stylish interior that you will be proud to call yours. This unique vessel delivers extended cruising potential and will appeal to those who crave enjoyment and love to share it with others. Powered by twin 811ct Caterpillar diesel engines M/Y OLYMPIA delivers excellent cruising performance along with Twinpalms Phuket renowned hospitality. Equity Cost & Maintenance Levy 10% Equity Purchase: US$ 250,000 Application Deposit & First Payment - US$ 100,000 to secure place in Owner's syndicate. Second Installment - US$ 50,000 upon signing contract (within 30 days after the first payment). Third Installment - US$ 50,000 upon joining hull and superstructure of the yacht. Balance payment – US$ 50,000 upon presentation of certificate of completion from the shipyard. Maintenance Levy per year US$ 25,000 * Payable upon the vessel delivery (Expected April 2008) Insurance Bond US$ 5,000 Training Course Inclusive Residual Equity Refund Yes Manager (1) Captain (1) & Crew (4) Yes |
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