You will pay a one-off Membership Fee, a one-off Security Deposit and an annual Management Fee. These costs will be dependent on the final price of the vessel that we purchase on your behalf, how many shares you purchase and the amount of weeks you use the vessel.
The Membership Fee can be purchased in a single payment or with a 10% down payment and 90% financing over five years. The Membership Fee is returnable in full when you upgrade or leave the PremierSail Club.
The annual Management Fee for an eighty foot sailing yacht is equivalent to £2,810 per head per week. This excludes the costs for food, drink, fuel and communications during the use of the vessel which is the standard terms and conditions for most ownership programmes and charters.
The only other fee is a one-off Security Deposit which is kept in a high-interest account with other members' deposits. The Security Deposit and interest earned is returnable in full when you upgrade your share or leave the PremierSail Club.
Corporate members should consult a tax specialist to verify any tax deductable opportunities.