I am the Treasurer for the syndicate and am selling a member’s 1/8th (8/64s) share in “GRACE”, a 1997 Elan 431. The member is semi-retiring and, wanting more weeks than are available, have decided to buy their own yacht.Grace is a 43ft (12.98m) Elan 431. She was commissioned in 1997 and was used as a charter boat in Croatia for most of her years. In 2017 she was bought and delivered to Vliho (near Nydri) by the Treasurer and opened to syndication in 2019. She has been looked after by Vliho Yacht Club since 2017 and it is expected this will be her home base for the foreseeable future. She is a fast cruiser and sleeps 8. She is registered on Small Ships Register. There were originally 8 members in the syndicate, with each member obtaining an equal 8/64ths share in Grace. Four members then bought out two members so there are now six members but with different shareholding amounts. We have 4 members obtaining 12/64s and 2 members obtaining 8/64s. We have found the syndicate works well with 6 members. Each 8/64 share allows the member 3 weeks holiday per year in season (May – September) and the option of using Grace for extra weeks off season (April / October). The four members with the 12/64 shares have 4/5 weeks between them.Grace costs around £400 per month in guardiennage, maintenance and yard fees. This equates to £50 per month for a member with a 8/64 share (as advertised). It has been £50 per month since the syndicate started and it was decided at the AGM at the beginning of November to continue the subscriptions at £50 per month. Grace’s engine was rebuilt this year and there was a shortfall to cover the cost of the engine rebuild. Therefore a cash injection of around £600 was required from each member. At the AGM it was decided to repair and replace some hatches and a further cash injection will be needed to cover this. Members should budget around £300-£400 each for this work. The member selling this share feels the price reflects this anticipated cash injection. We do have a ladder system in place for choosing the allocations. However this hasn’t been used as yet as we have found we have been able to agree between the six of us the week allocations without the need to implement the ladder system. Some members were able to choose their 3 weeks in one go.Weeks have already been chosen for next year and the buyer of this share will have one week from 9th May 2021 – 16th May 2021 and a choice of two weeks from 27th June 2021 – 18th July 2021. Weeks start Sunday.We also purchased a new RIB and new 5hp mariner outboard last year from the funds available.Grace is equipped for cruising the Ionian islands.For more details about this share, please email me (Declan) or call the Boat Manager (Lou) on 07901 876682. Please note Lou lives in Corfu and is two hours ahead of us.I can send more photos on request.
Current Price: £4000.00
This Boat Share In 43ft Sailing Yacht – Lefkas, Greece boat is located in Verwood, BH31*** and is being sold on eBay by 74declan74.
