STEWART ISLAND & FIORDLAND
50-60ft Motor Vessel
SEEKING EXPRESSIONS OF INTEREST
This syndication is designed for the salty dogs amongst us, that are interested in exploring, fishing, spearfishing, diving and hunting some of New Zealand's most beautiful parts of the coast.
The vessel will provide all the comforts expected and will accommodate a couple of families or a group of 8-12 mates, however it won't be a gin palace. We are seeking a vessel that is proven to be extremely safe in these waters, so think alloy work boat, converted steel fishing vessel or trawler. It will come with plenty of toys, and be comfortable for year round use.
Use periods are designed to give owners good access to blocks of time in both season, plus the ability to use spare days (14) to extend their blocks or use it at shorter notice when desired.
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The vessel will be based in its own berth in Bluff, however transfers between owners with arrangement can be done at Deep Cove, Milford, Jacksons Bay or Oban.
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There is some interest from those already interested to purchase a vessel in Survey. If this is the case, the group can offer any of the unused time to qualified captains for commercial charter (fishing, diving, etc) . In this case owners will also have the ability to pass back some of their own unused time and raise some funds for themselves.
LOCATION: Bluff, Southland
INVESTEMENT: 1/10th @ 30-45k
ANNUAL COSTS: 2-4.5k
TERM: 3 Years
USE PERIODS:
Owners are intitled to 30 days of use per annum. 8 Days / Nov-Apr Pre-selected. 8 Days / May-Oct Pre-selected. Remaining 14 days can be booked and used anytime after Pre-selection is completed.
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STAGE:
We have received over 40 expressions of interest and currently have 5-6 potential owners who are ready to enter into a S&P Agreement.
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We are currently researching and viewing suitable vessel with the view to have something signed up by the end of April 2023. Most vessel will require some customization, improvement or upgrades at the outset (built into price). Settlement is intended to be completed by the end of June 2023.
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ASSET DETAIL:
50-60ft Motor Vessel
Bluff Berth (Leased)
Well maintained heavy build alloy or steel
Accommodation for at least 8pax (12+ preferred)
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WISH LIST:
1 or 2 x 4m+ Tenders (Alloy or RIB)
Deck Crane
Dive compressor and dive belts
Good wet lockers
Pot hauler and pots
Oyster dredge
Gun safe
Genset (or DC System)
Heating
Galley and Saloon to accommodate the numbers
Good deck cover
In survey preferred
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OTHER CONSIDERATIONS:
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This is a large vessel operating in some reasonable serious ocean. When the vessel is in use a 'Named Skipper' must be in charge of the vessel at all times. A Named Skipper will be listed on the entities insurance policy and will have to satisfy the insurer of their experience and / or qualifications. Formal qualifications are not required, but some are helpful. Note that the Named Skipper does not need to be the owner, and their are commercial skippers in the group that can offer themselves for other owners (for a fee) for training or captaining their trips.
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Note pictures are simply examples and have no bearing on the actual assets.
