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Fractional Yacht Ownership in the Western Med

The Western Mediterranean is famed for its glamorous ports where the nightlife often surpasses the rock-star styled fun filled days at anchor.

This region is very much about active lifestyle yachting, where coming back into port at night to enjoy some land based gastronomic delights and a cool vibe in the bars and clubs, is very much the norm for yacht owners.

Fractional yacht owners in the western Med tend to use their yachts more as a floating holiday home than a passage-maker. Fractional ownership therefore works particularly well in these waters as berthing costs tend to be among the highest in the world, and an idle yacht can become restrictively expensive. Through shared ownership, the mooring is in constant use, balancing-out the value proposition.

Yachts in these waters tend to fall into two primary categories:
• Sleek flybridge yachts designed to offer high occupancy levels of accommodation coupled with ample living space. Sub 60ft yachts often boasting 3 spacious cabins, and over 60ft yachts offering 4 cabins or more. These make ideal holiday-home type fractional yachts, as they are perfectly configured to blend the mix of style and comfort desired.
• Rapid and purposeful looking open yachts to offer extensive outdoor entertaining areas, very much with day boating in mind. These yachts are ideally suited to fractional ownership when combined with a land based holiday home and often bought by villa owners who would like some time at sea but wish to avoid the costs and hassle of outright yacht ownership.

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Principal Features

Three cabins with three headsMed Spec air conditioningLarger MAN engine optionNew generator 2016Crew cabin fit outHydraulic Passerelle

Accommodation

3-cabin layout: A lovely midships double cabin with en-suite heads and shower complements the forward double which is also en-suite.To port is a comfortable twin cabin (or double) which also has its own heads and shower.Two stair cases to the Flybridge are easy to use.Aft cabin fit out for crew or occasional guests.

Construction

Hull: GRP –modified deep V with spray rails and propeller tunnels.Hand laid glass fibre construction with isophthalic gel coat backed by initial lay-up of powder bound matt and isophthalic resinSide Deck: GRP –with non-slip surfaceSuperstructure: GRPCockpit/Bathing Platform: GRP –Teak laid decks

Interior Colours

Furniture finished in natural High gloss Cherry, helm console finished with Nomex non-reflective finish and chocolate leather panels, Burr-elm dash board. Light grey cotton upholstery. Light grey deep pile carpets (2013), heads finished with teak decking, cherry and cream avonite tops.Galley work top is Granite with a fleck avonite.External: Upholstery is white with navy piping.Foredeck sun cushions have light grey fitted covers.

Mechanical

Engines: 2x MAND2848LE403, 8-cylinder V configuration 800HP@2300 RPMTwin disk-gear boxes on a straight shaft drive water lubricated stern glands.Rudder angle indicator.Speed Max: 28knots (depending on conditions).Cruising speed: 23knots cruising 24gallons (110lit)/hour each engine.Range: Approximately 300milesHydraulic power-assisted Hypro steeringThruster: Sidepower bow thruster15hpTrim tabs

Electrical

1 bank of 4 x 24-volt heavy duty batteries for engine starting (2010)1 bank of6 x 24-volt heavy duty batteries for domestic use (2011)1 bank of 4 x 24-volt heavy duty AGM batteries for Bow thruster (2018)Shore power system: 240 volts shore power supply to all cabinsPolarity check systemCircuit breakers on all circuits12v dropper for certain navigation and radio circuitsReya 20-amp invertor to one socketChargingKohler 13Kva generator,1000 hours new20162 Engine alternators charge via blocking diodes to isolate engine start batteries from auxiliariesDolphin24v 50Ah Float battery charger

Water systems

Hot water production: 240volt immersion and hot water calorifierPressurised hot and cold-water systemWater level gauge, Deck filler

Tankage

Fuel: 770 Gallons, 3,500Litres, 4Tankswith sight gaugesFuel cross over valve, 2Separ2000/18primary fuel filtersPer engine (4 total)Water: 166gallons, 755litres, 2 Tanks including 16 gallons hot waterHolding tank with sea and deck pump out (56 gallon)

Deck equipment

Reversible electric (2000 watt) Lewmar anchor winch with Capstan, foredeck / helm position controls35kg Ultra anchor and 75m chain feeding through bow rollerDanforth kedge anchorFore deck wash and fore deck lockerFull set of IMCO navigation lightsStainless steel bow, stern and two spring cleats in pairsThree large pantograph windscreen wipers with fresh water washSearchlight with remote control on Arch, manual Search light on bowElectric hornsOpacmare hydraulic passerelle with remote control, doubles as dinghy liftForedeck sunbathing cushions with light grey coversBimini system over foredeck cushionsStern Quarter capstan winches for mooring linesOne side door from internal helmLife rafts 3x Bombard 6 manSwimming ladder off platform as standard plus extra-large ladder with teak treadsFlybridge biminiScreen coverWinter screenBathing platform showerCockpit and Flybridge overhead and low-level lighting on all steps and stairsBRIG Rib with Suzuki 30hp outboard engine, mounting chocks and lifting strapsLarge teak folding cockpit table with 6 folding chairsAdditional safety equipmentFour underwater lights in transom

This timeless Princess 61 offers an incredible value proposition: To own a yacht in the Côte d’Azur. for just £50,000.

Based in Cannes, she’s more than capable of cruising the French and Italian Rivieras as well as Corsica & Sardinia. Her 3 spacious en suite cabins make her a real holiday home in the sun – one that offers exciting new horizons each time you visit.This syndicate is made up of 6 shareholders each enjoying 8 weeks use a year. There is an even spread of retirees and parents with school age children. This means there is a broad cross-section of preferences regarding the choice of school holidays, and those who prefer to avoid time on board during those periods.Having a full-time Capt on board means this yacht is incredibly well maintained and offers co-owners greater freedoms to cruise locally – or cover greater distances without having to return to its home port for change-over days. Some co-owners agree to work together to create back-to-back itineraries, where one co-owner visits say Corsica or Sardinia on her, and the other picks her up there and subsequently returns her again to her home berth in Cannes.The essence of this syndicate is to create exceptional value boating, coupled with exceptional cruising capabilities.This syndicate is a Fractional Association Platinum Member, working to the association’s Code of Conduct and fulfil their Maintenance Management criteria. This includes an owners’ website for the selection of their weeks, a communication forum and real time access to the management accounts.

SPECIFICATION

Manufacturer

Princess
Model

61 Flybridge
Share Price

£70,000
Usage

8 weeks per annum
Annual Maintenance Fee

€18,000
Length

18.77
Beam

4.88
Model year

2001/2016 refit
Construction

GRP
Berths

6 (plus crew)
Engine

2
Engine Make

MAN
Engine Model

800hp
Fuel Type

Diesel

Gallery

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4 Weeks	6 Weeks	8 Weeks
£ 66,667	£ 100,000	£ 133,333
€ 68,333	€ 102,500	€ 136,667
$ 133,333	$ 200,000	$ 266,667

4 Weeks	6 Weeks	8 Weeks
£ 120,000	£ 180,000	£ 240,000
€ 666,667	€ 1,000,000	€ 1,333,333
$ 53,333	$ 80,000	$ 106,667

4 Weeks	6 Weeks	8 Weeks
£ 1,375,000	£ 2,062,500	£ 2,750,000
€ 1,125,000	€ 1,687,500	€ 2,250,000
$ 1,400,000	$ 2,100,000	$ 2,800,000

4 Weeks	6 Weeks	8 Weeks
£ 167,500	£ 251,250	£ 335,000
€ 90,000	€ 135,000	€ 180,000
$ 100,000	$ 150,000	$ 200,000

Princess 61