POWER CATAMARANS PROVIDE GREATER CHARTER INVESTMENT RETURNS
When we think of Bareboat Charter Investment in the Whitsundays we are drawn toward Sailing Catamarans. But they do not bring the highest Return on Investment. This is the domain of the Cruising Power Catamarans.
Whitsundays bareboat charter is having your own self-contained boat fully equipped for your holiday afloat to enjoy these 74 beautiful world heritage islands. You don’t need a boat licence, cruising speeds are limited, and safety is not compromised with extensive briefing.
Power Catamarans such as the Conquest 44 “SunQuest” or Voyager 1040 “Serenity” are in the safe cruising class where moderate speeds ensure the voyage is comfortable. Just about anyone can drive them and not everyone has sailing experienceThe Aquila 44 is typical of the new cruising power catamarans with four cabins and four heads accommodating 8 people in spacious luxury. Superb bareboat charter cruising on holidays the family will remember forever.
Their two engines increase safety in their redundancy and manoeuvrability. They are easy to drive, anchor, tie up or moor. Large alternators keep the batteries well charged with sufficient power for sustainable living with those little extras such as Microwave and maybe hairdryer.
Catamarans seem to have a place for everything so you are not living on top of yourself continually moving things around. Outside lockers are for storing fenders and all other boat working equipment. Inside space is for living – food, clothes, bedding etc.
The Conquest 44 can accommodate twelve people and the Voyager 1040 and Aquila 44 eight. For charter this means flexibility accommodating a large family, two families or group. This flexibility means more opportunity to charter and greater return.
The business model for Whitsundays Charter investment calls for one third of the revenue going to charter management, one third to turnaround, cleaning and maintenance the remainder returned to the owner as profit.
The investor is entitled to up to 30% depreciation annually. The tax office is looking for a stand alone business with a realistic expectation of profit during its life. Personal independent tax advice is recommended.
“SunQuest” was launched in 2002 and is currently worth around $400,000. She can accommodate twelve and has some unique novelties such as heated spa and returns around 12% annually. “Serenity” accommodates eight and returns better than 8% annually.
The investor may use the boat privately for up to four weeks annually or more if the boat is not being used. Your boat is fully maintained by well-established and well-run charter operators such as Whitsunday Escape.
The Whitsundays has for many years been a favourite destination for bareboat charter sailing and power cruising. Now you know the secret, bareboat power catamarans provide greater charter investment returns.
For more information on owning a bareboat charter in the Whitsundays please call Graeme Nolan 0419 255 957
