BOAT SYNDICATION
Boat ownership is a must if you live, vacation or work on Providenciales. The pristine white beaches, crystal clear sparkling waters that surround the island and adjacent cays beckon you to get out on the water to chill, or go fishing, diving, water skiing or explore the miles of coastline.
South Bank Syndication handles all the responsibilities, allowing you to simply enjoy the lifestyle that vessel ownership confers. Our concept creates the opportunity for you to become an equity stakeholder in a new, modern, safe, comfortable boat, with just four other owners. It will entitle you to 70 days of on-the-water experiences, with or without a hired captain, to explore boating in the Turks and Caicos Islands.
HOW DOES IT WORK?
Boat syndication refers to a shared ownership arrangement where a group of individuals jointly own a single boat. Each owner holds a percentage of the boat’s equity, and is responsible for a proportionate share of the associated expenses such as maintenance, insurance and mooring fees. In boat syndication, owners can use the boat for a specified number of days each year, based on their share of ownership.
The South Bank Syndication imports a new vessel, insures it, and maintains it to the highest standards. Berthing, cleaning after each use, regular maintenance, hurricane tie-down, delivery to your house are all included in the monthly maintenance fee.
At the end of the contract, at a time when resale values are high, the vessel leaves the Syndication and newer models are imported. We have created a smart, affordable shared ownership solution to boating in the TCI.
