Have you considered investing in a charter yacht?

It is rare to be able to have your cake and eat it too, as the old proverb goes, but investing in a charter yacht is probably the closest thing. When you buy a yacht and place it in charter, you should enjoy a positive return on your investment but also get to use the boat when it's not under charter.

Darling Harbour-based Sydney-by-Sail is currently upgrading its charter fleet and is looking for investors in yachts from 30 to 50 feet in length.

The process is quite simple. Sydney-by-Sail discusses the buyer's preferred size range and offers models from Elan, Hunter and Salona to choose from. The investor then purchases the boat, which is imported by sister company US Yachts and professionally commissioned in Australia.

Sydney-by-Sail undertakes regular cleaning, maintenance and provisioning and handles all charter bookings. The proceeds of charter income are paid to the investor on a monthly basis.

Sydney-by-Sail has a very active charter business in Australia's busiest sailing location, and the company can show examples of income from previous charters. The income is taxable but all costs associated with owning the boat are deductible.

The icing on the cake is that the owner has unlimited access to his or her boat when it is not required for charter. You really can have your cake and eat it too.

For more details on Sydney-by-Sail charter opportunities, contact Matt Hayes or Ed Penn on (02) 9280 1110.

 

 

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