Buying a boat to use on the French waterways, can be a costly business when buying into an existing syndicate or timeshare and there are not so many offers. This is ONLY a PROPOSAL to think about this Dutch Steel Cruiser; there are always other"project" vessels to evaluate once we have identified the syndicate investors. I am using this vessel as a guide to what we could achieve with a willing hands-on approach and with like minded individuals.
I am investigating if there are any "practical" members that might be interested in forming a private syndicate with me, to buy into say a 1/6th share and refurbish an old Dutch Steel Cruiser currently for sale at 18.900€ and moored on the beautiful Canal du Midi on the south of France, ?
She can be viewed in all her rusty splendor at the Midicanals Boatshed.Com site:-
http://midicanals.boatshed.com/dutch_steel_cruiser-boat-136537.html
When this boat is restored it´s value will be far superior to the purchase price and the enjoyment from this 6 berth cruiser will be endless, An initial investment of 3.000€ each would secure the boat given it is worth restoring (that needs to be investigated). Obviously there will be more to pay as the restoration gets under way an estimate could be provided by the Midicanal boatbuilder for structural work for instance). I was thinking some of the superficial work could be achieved by the syndicate over say 2013-2014 (and probably 2015 ? The 1/6th share will allow each owner to use her for 6 weeks.
Proposed name of Vessel: That Riviera Touch
Private scheme with 1/6th share entitlement minimum of 4 weeks in high season taken together as one block, and 2 weeks in low season. Further weeks will also become available.
Proposed booking system: Rotating system, four week block in high season (April to September inclusive) and two weeks low season minimum. The remaining weeks are offered in two week blocks with priority in reverse order.
Priority for school holidays: The aim is to ensure that each owner can have a four week block in high season. If an owner wishes to split their four weeks they are expected to consult with the owners below them on the booking chart to ensure that their choice does not prevent another owner from taking a four week block. This proposal is therefore not really suitable for someone requiring school holiday weeks.
Are pets allowed?: yes but only accompanied with a Dyson.
Cruising requirement: RYA CEVNI,
Thank you in advance of your replies,