Fractional Ownership Overview

An Intelligent Alternative

Latitude Fractional is an intelligent alternative to conventional boat ownership. One problem for many boat owners is that they invest a large amount of money in an asset that their lifestyle simply does not allow use enough to justify sole ownership and all of the related costs.

With Latitude you purchase a quarter share in one of our luxury boats which entitles you to a quarter of the use on an annual basis. The beauty of fractional ownership is that it will only cost you a quarter of the full price and you will still get to use your boat as much as a sole owner.

Make no mistake; this is not timesharing a boat but sharing the expense of ownership. Unlike timeshare concepts, each of the four owners actually owns the boat and gets to use it when it suits. When you only use something for less than a ¼ of the time why own 100% of it?

Latitude Fractional Ownership includes;

3 years marina costs
3 years insurance costs
3 years annual maintenance costs
3 years Management

A ¼ share means a ¼ of the time, on a rotating schedule of 1 week every 4. Of course owners can swap times between themselves for extended holidays basically whenever you want and if you’re only spending a ¼ of the cost you can buy bigger and better. $100,000 now gets you into some very serious boating.

You can look at it two ways - either get a lot more boat for your money, or spend a lot less money for your boat! And Latitude provides a professionally managed programme leaving you free to simply enjoy your time onboard.

Already the first shares are sold in these boats;

Beneteau First 35
Beneteau Oceanis 34
Azimut 38 Flybridge
Lagoon 450 .

Visit Fractional Opportunities for more information on these exciting opportunities.

Ownership Structure

Latitude Fractional contract with four equal shares.
Latitude Fractional contracted as managers for 3 year term.

Usage

All bookings and annual use are based on calendar days or part thereof.
Applications for key dates must be received by the closing date. Where multiple bookings are received for these dates Latitude will allocate after consultation with owners.
If no bookings are received by the closing date bookings will be open on a first come first served basis.

Management

Purchase price includes:

General cleaning service.
Insurance and marina charges.
Basic provisioning.
General maintenance, checks and scheduling.
Day to day management and booking schedules.

Why is the management contract for 3 years?

For the 3 years of the management contract our new boats are under warranty. Typically there are 4 owners in a fractional boat which means that one of the owners would have to manage any warranty claims, organise any warranty work, schedule routine annual maintenance, check the boat after each use and manage any expenses.

At Latitude we take care of it all to avoid any issues that could lead to owner dissatisfaction. At the end of the three year term owners may elect to upgrade to a new boat, sell their share or simply keep the boat in the fractional arrangement. Owners can sell their share at any time.

Online Services

Owners' login section to access a range of services.
Owners' information page with all partnership and boat details.
Three year online booking schedule -simply click on the dates required and submit. An email will automatically be sent to all 4 owners notifying them of and new or cancelled bookings
Full maintenance history accessible by all owners.
Online food and beverage page with options for full provisioning from an afternoon to an extended trip.