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 PRODUCT NEWS 29 / 09 / 06
 

Slice Fractional Ownership

Slice Fractional Ownership

Boating syndicates are now common in the yachting world, but so are the problems that come with them. Arguments about who will have the boat over the bank holiday weekend and having to pay out for damage caused by others' negligence often result not only in a loss of enjoyment in sailing, but in the worse cases losing a good friend as well. This need be no more with the introduction of Slice Fractional Ownership.

Slice offers you the chance to enjoy a luxury yachting lifestyle at a fraction of the cost of sole boat ownership. Owners can save 80% of the overall ownership and running costs whilst enjoying 10 weeks private boat usage per year. With flexible payment options that are customised to your personal requirements, that Bavaria you have always wanted can be yours.

Unlike other boat time share companies, Slice Fractional Ownership claims to make it possible for you to add a luxury boat to your portfolio of lifestyle assets without suffering the financial and maintenance burdens associated with sole ownership. Based at premier UK and Spanish marinas, Slice's full boating management service covers all elements of the boating lifestyle, from on site boat maintenance and valeting to immediate access to Slice berths at exclusive marinas. Everything is pre-costed so you won't have any unexpected surprises hitting your bank account.

Paul Webb, Director of Slice, comments: 'Slice is dedicated to protecting owner's asset investments and guarantees re-sale value on all boats at the end of the three year-management period'.

So what's the catch I hear you ask? Well, not so much as a catch, but something that needs to be considered is that to make things as fair as possible all, all decisions have to be put before the board of owners and unless the vote in unanimous it won't go ahead. There is also no minimum buy back on your investment after the 3 years. However ever step is taken to try and get you the full market value of your yacht.

To find out more about Slice, visit www.ownaslice.co.uk.


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