Princess Motor Yacht Sales (PMYS) has recently announced the launch of YachtQuarters, a new shared ownership programme with the aim of delivering the experience of yacht ownership, with none of the traditional headaches involved with owning a large yacht.
Every aspect of the yacht’s operation, maintenance and management is looked after by experienced crew and the professional management team at Princess Motor Yacht Sales, the world’s largest Princess distributor and a leading European maritime-service provider.
The initial launch features a new Princess 75 motor yacht, Maltese-flagged and based at Port Adriano in Palma de Mallorca, a 30-minute drive from the airport. She features eight berths in four luxurious en-suite cabins, and separate quarters for two or three crew.
Each owner can enjoy a total of eight weeks on board during the year: Two in summer, four over spring and autumn, and two during the off-season.
Outgoings such as servicing, maintenance, repairs and storage are said to be ‘highly predictable’, and shared equally between all owners. Individual owners will be responsible only for their consumables such as food, drinks and fuel. The crew can replace the owners’ personal effects and ensure food and drink preferences are catered to prior to arrival.
YachtQuarters’ budgets include permanent crew for the Princess 75 and her selection of water toys, complete management and operation, and reserves for unexpected expenses. In comparison, the total cost per week with YachtQuarters is said to be approximately 65% less than a corresponding charter.
According to Princess, the yacht will be kept in superb condition through the management of the crew and after-care service, safeguarding the investment for buyers and ensuring a pristine yacht is waiting for each owner when they choose to head on board.
Investment in YachtQuarters creates a four-partner ownership structure that lasts for four years, after which the boat is sold and the structure dissolved. If, after a minimum of two years, an owner wishes to opt out, they can sell their share as a liquid asset.
For more information, visit Princess Motor Yacht Sales.