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ranworthbreeze

Share Available On Ranworth Breeze

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We have one share for sale on the Ranworth Breeze Boat Syndicate.

Share for sale. it has one allocation still available this year.

The allocation dates for 2018 & 2019 are as follows:-

2018:

23/10/2018

2019:

07/05/2019 & 24/09/2019

The share is for sale at £3725.00

There are 20 owners in the boat syndicate each having a 5% share that gives two weeks allocation each year. Ranworth Breeze is a 2001 Birchwood 340AC that is moored at the Tingdene Marina at Brundall. 

The boat is the sea going specification with a Yanmar 210bhp diesel engine, trim tabs, bow thruster, full deck safety rails and side ladders. We do however limit the boat to just the Broads now.

The boat is fitted with a full canopy (new in 2010) that can be partially or fully let down for bridges or cruising.

Dual controls are standard in the boat. There is an aft double cabin with en-suite toilet/wet room, lounge with seating for 6 to 7 people; forward toilet/wet room a fully fitted galley that includes inbuilt gas oven and grill, gas hob and sink, the fridge is 12 volts. The forward seating/dinette converts into another double berth.

The heating is hot air diesel. 
 

New Bow Thruster Dual blade fitted February 2018 and forward & lounge seating fully recovered March 2018.

The Management Fees for 2018 have been paid by the selling owners.

The 2019 allocation dates were drawn at the 2017 AGM in November.
Ranworth Breeze is now self managed by the Management Committee that is made up of five of the owners voted on at the yearly AGM.

The 2012 management fee was £700
The 2013 management fee was £500
The 2014 management fee was £600
The 2015 management fee was £700
The 2016 management fee was £600
The 2017 management fee was £500
The 2018 management fee was £650

For more information please visit the Ranworth Breeze website or contact Alan Hood. 

0114 247 0242 work
0114 265 0934 home
07768 342075 mobile
alan-hood@datex.co.uk 
www.ranworthbreeze.co.uk 

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I am happy to report that the other share we had for sale has now been sold subject to the exchange of the contracts.

The new owner visited us during our allocation on the boat and was highly delighted to become a member of our syndicate.

Regards

Alan

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Do you have any pictures?

Sent from the Norfolk Broads Network mobile app

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Where does the money go that the owners pay each year? 

Does it go into a central fund? If so what is that fund used for?

Because £3725 x 20 = £74500  a year!!

That's a lot of cash one boat is earning.

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No Cal

£3725 is the one off payment for your share

You then pay your portion of the Management fee each year

The 2012 management fee was £700

The 2013 management fee was £500

The 2014 management fee was £600

The 2015 management fee was £700

The 2016 management fee was £600

The 2017 management fee was £500 

The 2018 management fee was £650.00

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3 minutes ago, Cal said:

Where does the money go that the owners pay each year? 

Does it go into a central fund? If so what is that fund used for?

Because £3725 x 20 = £74500  a year!!

That's a lot of cash one boat is earning.

Hello Cal, 

The price of the share reflects the perceived value of the boat.

The operating costs of the boat are budgeted by the Management fees all twenty owners pay each year.

The January 2018 Mangement fee was set at £650.00 per share, so we had an income of £13,000 to operate the boat, back in 2011 we were were managed by a company owners paid a total of £19228 for a boat that was poorly maintained at the time.

Regards

Alan  

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So where does that money go?

ETA: Not the maintenance money (although £13k would see a high figure for annual running) but the extra over.

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2 minutes ago, Cal said:

So where does that money go?

ETA: Not the maintenance money (although £13k would see a high figure for annual running) but the extra over.

When A share is sold, like most syndicates the fee is passed onto the departing syndicate owner less a small amount for training of the new owner and paperwork costs, this fee goes into the syndicates bank account to reduce all owners management fees.

To give you an idea of our operating costs this year after having a new bow thruster fitted and the seating replaced in the forward and lounge seating areas our operating so far this year are a little over 18K. The cost of refurbishments was undertaken over a two year plan.

Regards

Alan

 

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The sale price of the share £3725 in this case would go to the selling owner minus any fees unless the share being sold was actually owned by the syndicate itself.

 

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4 hours ago, Cal said:

£13k would see a high figure for annual running

At first impression it would seem to be. If you owned a similar boat you would probably expect to spend half, or even less than half of that amount each year maintaining it. You have to remember however that a syndicate boat is in almost constant use, so as Alan demonstrates above with the costs of replacing the seating and bowthruster, these are things that you would probably never need to do but on a boat like Southern Comfort they. or other fairly major projects would come around more frequently. 

The plus side to having this type of renovation work done regulalry (aside from keeping the product in tip top condition) is that Southern Comfort is probably not depreciating in value at all any longer, in fact I would hazard a guess that she may be increasing slightly so the value of your share of the boat is fairly constant, should you ever want to sell.

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Its Ranworth Breeze, the other syndicate Birchwood is Southern Crusader, Southern Comfort is the Horning trip boat!

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I shouldn't try posting two different things in two different places at the same time. At least I've said something very positive about the bar prices on Ranworth Breeze ......

 

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