Price AU $12,000 1/10 share

AU $12,000 1/10 share
New shares for sale in a well established private syndicate.

Note that next year's calendar is currently being compiled so now is a great time to join and see what blocks have been chosen for those shares as well as potentially choose the remaining blocks for next year.

The sailing yacht "Scarborough" was built in 2003 and is owned, regularly used and well looked after by a self managed privately run syndicate. Ownership is by "tenants in common in equal shares". Maintenance is arranged using local service providers on the island or at Airlie Beach. A full haulout service including antifoul and keel bolt inspection was completed in May 2018.

Scarborough received a new mast and both standing and running rigging in September 2017. With an easy to use masthead sail plan, she is comfortable to sail in all conditions. The rig includes a slab reefed main with two reefing points and boom bag with lazy jacks. A furling genoa with all sheets and winches operated from the cockpit close to the centrally located helm. She is easily sailed short-handed and features Raymarine instruments and autohelm.

This well-designed cruiser is the three cabin version and features a forward v-berth and two aft double cabins, comfortably sleeping four - five or at a squeeze seven. The saloon and galley feature a 12 volt electric fridge/freezer and fully refurbished LPG gas oven / stove ensuring you are fully set up to cater while at sea. A refurbished stainless steel gas BBQ is also fitted to rear of the vessel providing another cooking option.

The yacht is equipped with a marine radio featuring two speakers inside and two outside for entertainment.

The Scarborough syndicate currently has a couple of full shares available as well as a half share for sale and interested parties are invited to contact the syndicate manager for further details.

Price Share 1 1/10th share AU $14,000.
Price Share 2 1/10th share AU $12,000.

Note that next year's calendar is currently being compiled so now is a great time to join and see what blocks have been chosen for those shares as well as potentially choose the remaining blocks for next year.

Contributions towards annual running costs have ranged around $4k per share over the past few years. Contributions are compulsory and can vary from year to year according to actual expenses / majority agreed refurb projects. The agreed amount would be paid with at least $1000 by January and the remainder by end of March. Any running cost overruns for the remainder of the calendar year would be dealt with by a call for additional contributions if the need arises. That is still amazing value for a total 5 weeks allocation (2 x 2W & 1 x 1W) a year!

Length 36.42' / 11.10m

In answer to some callers' questions: Scarborough cannot be "chartered out" for Race Week or any other time of the year. She is a private yacht used by her syndicate members.
Scarborough competed recently in Raceweek 2019 and took out the overall series win for her "HI class" Non Spinnaker Div 2 category.
Hamilton Island
Family, Leisure, Cruising
Rego Number
Rego Expiry
36' 5" - 11.10m
12.50' / 3.81m
5.00' / 1.52m
Displacement 6055 Kgs
Keel / Ballast
Fin w/bulb & spade rudder
Hull Material
Deck Material
3GM30F fresh water cooled
Engine Make
Fuel Type
Number Engines
Max Speed
Cruise Speed
At what wind speed?
310 Litres (two tanks, Fwd 170L, Aft 140L)
Galley on port side of main saloon. Plenty of storage lockers and shelves. S/S sink with pressure H & C water. All pots pans cooking utensils, cutlery and crockery supplied
12v Top loading fridge in galley incorporating small freezer compartment
Two-burner gas stove and oven
Hot Water System
Via engine heat exchanger. Hot water to showers, basin & sink
3 generous double cabins. Spacious V-Berth forward cabin with excellent headroom, plenty of storage and hanging locker plus side seat. Two double berth aft cabins with hanging lockers. Folding saloon table to starboard with U-shaped seating plus an island seat to port of the table.
Three private double berth cabins. One forward, two aft.
3 doubles, plus single berth on starboard side of main saloon. (6-7 berths)
Fully enclosed in head compartment, hot & cold. Plus H & C shower at transom for rinse after
Marine toilet in private compartment with Holding Tank, vanity basin, mirror & storage.
Stereo Radio (future plans would be to change this to something with bluetooth connectivity for playing music from for iPod or smartphone). Internal and Cockpit speakers
Air Conditioning
12v fans provided in each cabin.
Barefoot Barra 3.8m Alloy bottom RIB
Yamaha F15CMH 15HP (4 stroke unleaded fuel)
Mainsail and Boom cover with Lazy Jacks. Spray Dodger with Clears, Bimini sunshade. Cockpit cushions
Ground Tackle
Electric anchor winch with 50m chain and Manson anchor.
Spare Danforth anchor
Safety Gear
Fully equipped with current safety gear to local requirements
Bilge Pumps
Manual & Electric
Life Jackets
Fire Protection
Fire extinguishers and Fire Blanket
12 volt with labelled switch panels, 240v shore power with inbuilt battery charger. Batteries replaced in 2017
Raymarine ST 60 suite with Log Speed Depth, Raymarine Autopilot, VHF Radios, fixed and portable. Original RC425 chartplotter not operating and removed. (In any case we all tend to use Navionics instead on our own BYO device phone/ipad etc)
Sail Inventory
By Bruce Finlay - Hyde Dacron mainsail with boom bag and lazy jacks and a Hyde dacron furling genoa.
Another brand new genoa already purchased awaits in reserve.
Mast / Rigging
New in 2017 Masthead sloop rig. Allyacht Spars IM19 section alloy deck stepped mast with double aft swept spreaders, new stainless steel wire standing rigging. Matching Allyacht Spars alloy boom with internal reef lines and outhaul.
Deck Gear
2 Cabin top self tailing two-speed winches with halyards, mainsheet and control lines led aft to cockpit via rope clutches. 2 cockpit mounted self tailing two-speed sheet winches. Adjustable headsail sheeting cars on tracks.
This private Syndicate, established in 2010, is self-managed by an appointed Manager/Secretary. Communications between manager and members are mostly by email. The yacht is managed under a set of published rules and conditions. All significant decisions concerning the operation of the yacht are made by majority rule.
Share ownership is conditional upon approval by a majority of existing Syndicate share holders and is subject to the applicant being able to demonstrate that they have relevant sailing experience.
All members must hold a Queensland boating license or have a recognised and valid interstate or overseas marine licence.
Annual allocated time is 5 weeks per share holder in 2 x 2 week blocks and 1 x 1 week block. All calendar allocations for the following year are worked out in Sept/October. Annual contributions for maintenance, marina costs and other such charges are payable usually in advance by end March early in the year. From time to time additional contributions may be required due to equipment failure, upgrades or unforseen circumstances.

The yacht is registered in Queensland and fully insured. The syndicate enjoys the ongoing use of a marina berth on H arm at the Hamilton Island Marina (not too far from the new IGA).

Unlike charter yachts, Scarborough's cruising range as a privately owned yacht has no geographic restrictions. That said, the yacht is set up for coastal cruising around the Whitsundays only.

Note also: Photos taken in September 2018

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