Princess Yachts SA (Pty) Ltd (PYSA) bring together like minded people who appreciate life onboard and the associated lifestyle of boat ownership without the hassle, responsibilities or the prohibitive cash outlays associated with single yacht ownership.
Purchasing a share in a boat is a sensible investment with substantially lower initial capital requirements, minimal costs toward operating expenses and when and if the time comes that you wish to sell the share, it’s relatively quick and easy. There are over 50 shareholders in our various tried and tested ownership schemes.
PYSA, a company owned by David Abromowitz, Peter Bacon & Howard Godfrey, have an exclusive agreement with International Yacht Brokers, David Abromowitz & Associates (Pty) Ltd (DA&A), to market and sell the shares. DA&A have concluded almost all the transactions since the inception of the Shareboats program in 2007.
Traditional boat ownership is a substantial investment. Furthermore, the operating costs, on an annual basis are significant. (Approximately 10% of purchase price)
Boat ownership requires a significant initial investment together with a high annual operating cost. Boat owners traditionally make use of their boats for an estimated 28 days a year. Therefore, the Shareboats ownership concept provides you with all the benefits of traditional yacht ownership for the time you have available, at a fraction of the cost and the program is flexible to ensure that the total cost of ownership is aligned to your use of the boat.