I’m looking for 2 or 3 like-minded Kiwis (plus me) to jointly
purchase a pre-owned 45-50’
blue water cruising
catamaran. Owners will own an equal number of shares in an NZ company that will own the yacht. Owners will have exclusive use of the yacht for a pre-determined and continuous period of 3 or 4 months yearly. Owners are free to swop periods as they may wish. It is envisaged the yacht will spend the NZ
winter in the
South Pacific Islands and would return to NZ for the summer. A shareholders agreement would include a memorandum of understanding detailing
maintenance and
service standards which the owners will individually commit to. Upgrades and big ticket
repairs (where possible) will be agreed in advance. It is expected the shareholders will agree to a fixed annual
maintenance contribution estimated at 10-15% of the share value. It is envisaged shares will be in the NZ$150,000 - $200,000 each (3 or 4 shares) and the yacht will be in excellent condition and fully equipped for
blue water cruising at the time of
purchase.