Fractional ownership of M/Y Olympia 76' luxury motor yacht
in Phuket Thailand
10% Equity Purchase: USD 295,000 (only 2 shares remaining)
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Why fractional ownership?
For decades now shared ownership of expensive and seldom used leisure assets such as holiday apartments, aircrafts and luxury boats has become accepted worldwide.
The concept of timesharing is very well established. Thousands of families and individuals enjoy affordable, travel and vacations in exotic locations all over the world. Fractional ownership of aircraft such as Gulf stream, Citation and Lear jets account for the major share of general aviation aircraft sales in the USA. Olympia Holding (Phuket) Ltd. now introduces the same shared ownership concept to Phuket’s rapidly expanding luxury boating sector, providing an affordable packaged equity option in the unique M/Y OLYMPIA luxurious yacht.
See the yacht cruising in the Andaman Sea (click on the video):
Phuket Yacht Charter + Fractional Ownership
Why own a whole yacht when you can own as much or as little as you will actually use, sharing the cost of management, crew, maintenance and service with your ownership partners.
VIP Room
How does it work?
Ownership
M/Y OLYMPIA luxurious yacht fractionally owned yacht is effectively owned by a separate company structure, in which a defined equity shareholding package entitles the shareholder to regular use of the companies sole asset, the yacht. Ownership lasts for the economical life of the vessel, as determined by the shareholders jointly. Shares can be traded and transferred during the economical life of the vessel, subject to the Shareholders Agreement and due diligence checks.
Access and bookings
Olympia Holding (Phuket) Co., Ltd. ”Olympia Holding” will berth, maintain, service and valet M/Y OLYMPIA in Ao Po Marina*, always to be ready for owner planned use. Owners may pre-book their annual fixed boat use entitlement, up to 4 months in advance. 85 days per annum remain un-booked, of which the necessary number of days will be used for regular maintenance and the remaining un-booked days, not required for maintenance, will then be available for private charter or as shareholders stand-by days.
All owners will share in the Phuket yacht charter revenues generated from the un-booked days by reduction in the yearly maintenance fee. In addition, should you run out of your own allotment of days, you will be able to book extra days on M/Y Olympia subject to availability and a daily charge that will be agreed between the owners.
* Marina selection to be reviewed as development occurs.
Maintenance
M/Y OLYMPIA maintenance, cleaning, valet, mechanical, registration insurance, marina fees, captain & crew costs and corporate services are provided by our professional contractors under the supervision of the General Manager of Olympia Holding. Shareholders should at the time of share allocation, pay the first year’s maintenance levy in advance together with the required fuel deposit and insurance bond deposit.
Boat skills and locality training
The purchase of an equity share in M/Y OLYMPIA includes a course in boat skills as well as locality training. Additional training and tuition is available upon request.
Shareholding and entitlements
Olympia Holding's fractional ownership program can be acquired in fractions of 10%. You decide how much or how little you wish to acquire according to your individual needs with each 10% fraction providing you with up to 28 pre-booked days and unlimited stand-by days. Each of the 28 days includes full crew and a THB 10,000 fuel allowance.
Chartering opportunities
M/Y OLYMPIA luxurious motor yacht will be chartered at approximately THB 180,000 for a Day Cruise and THB 280,000 for an Overnight Cruise. It is not unreasonable to assume, should you wish to add some of your own days to the Phuket yacht charter pool, that up to 10 of the days could be chartered out in a year.
Your acquisition
M/Y OLYMPIA luxurious yacht will deliver more than you might expect from any other motor yacht in the same class. A range of added useful features will compliment the trendy and stylish interior that you will be proud to call yours. This unique vessel delivers extended cruising potential and will appeal to those who crave for enjoyment and love to share it with others. Powered by twin 811ct Caterpillar diesel engines M/Y OLYMPIA delivers excellent cruising performance together with our renowned hospitality.
Equity cost & operational levies
10% Equity Purchase: USD 295,000
Full payment, upon signing contract. Payment is made to Twinpalms
Management Limited in Hong Kong, SAR.
Yearly Maintenance Levy: THB 550,000
Incl. corporate services, salaries, marina
fees, insurance, etc.
Yearly Fuel Deposit: THB 280,000
One time Insurance Bond THB 170,000
(a refundable deposit).
Payments in THB are made to Olympia Holding
(Phuket) in Thailand.
* From second year the Maintenance Levy will be charged according to actual cost, with charter income deducted, surplus from first years levy deducted, etc.
** Fuel deposit shall be topped up when consumed or remaining deposit will be deducted from next year’s deposit.
Miscellaneous
Training Course Inclusive
Residual Equity Refund Yes
Manager (1) Captain (1) & Crew (4) Yes
Flybridge
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