Shared Boat Ownership
What is Boat Shared Ownership?
This is a way to own a part (normally 8% or 4 weeks use per year) of a boat to enable you to enjoy spending time on your own boat but sharing the initial purchase price and annual running costs. The boat is managed for you so that you spend your time cruising rather than on administration and maintenance.
Find out about all the shares in canal boats and narrowboats currently available around the UK.
There are generally 12 owners in a boat syndicate, each of whom purchase 1/12th or 8% share. A 1/12th or 8% shareholding entitles the owner to use their boat for 4 weeks a year for the life of the boat.
The Syndicate decide what happens with their boat. To do this an AGM is held for each boat syndicate at a central location each year. The Boat Management Company (ABC Boat Management) organise this for the syndicate and any decisions about the boat maintenance or enhancements, start location and costs are voted on at the AGM.
At this meeting owners also draw their four weeks - under our scheme this is a week in Spring, Summer, Autumn and Winter. Syndicate boat members can swap weeks with other owners. Unused weeks are made available for fellow syndicate owners to use. A fortnight is set aside each year where the annual maintenance work is carried out by the boatyard where it is based.
Running costs are divided between owners each paying in proportion to their share ownership (normally 1/12th or 8%). Owners are charged a management fee for the administration of their syndicate and boat so all they have to do is enjoy using it.
If you are an inexperienced boater we can arrange a RYA helmsman course.
We can offer a resale service if you decide to sell your share.
You enjoy using it and we deal with the boat administration and maintenance.
About the Boatshare company - ABC Leisure Group
ABC Leisure Group have operated boats for groups and corporations for many years alongside their own ABC Boat Hire fleets, boat building operations and marinas. They are well placed to offer all the facilities, services and advice required for your boat. Why not take a look at the current syndicate boats that we have available and share a boat?
New narrow boat shares for sale
This Autumn will see the launch of a new shared narrowboat and shares for which are now available .
If you have any questions relating to how the narrowboat shared ownership scheme operates you may well find the answer in our FAQ document.
>> Click here for the full FAQ's.
Equally typical costs of owning a canal boat share have been outlined to give you some indication of annual running costs.
If you cant find the information you are looking for or would like to discuss the canal boat shared ownership scheme please contact us on 0330 3330 595 (Local rate).
If you would like to be kept up to date regarding new canal boat shares or other boat shares that become available then send an email to email@example.com indicating your requirements.
>> Click here for details of all our marinas and boatyards in England, Scotland and Wales.