Luxury Boat Syndicates buys new boats of various sizes to operate from Sydney’s two most sought-after marinas—The Spit and Point Piper. Ownership is split equally among eight owners.
You are definitely an owner, not a member, and your boat will have been bought specifically for your syndicate of eight.
The process is simple:
As an owner, you enjoy up to 43 boating days a year, including weekends and public holidays. You can take the boat wherever you like, including over consecutive days. (We encourage you to take the boat out and spend the night because we want you to enjoy everything ownership of a boat has to offer.)
Our syndicates run from two of Sydney’s most desirable locations—Point Piper and The Spit. We also have exclusive berthing arrangements at Woolloomooloo and Walsh bay, both perfect spots to step off and enjoy lunch or dinner.
You don’t have to start your voyage from your boat’s home berth. Let us know where and when you’d like us to pick you up, and we’ll be there.
Unless you plan to live on a boat, you’re unlikely to use it 365 days a year. Our owners enjoy 43 days a year on the water—that’s six weeks of boating. As men and women with executive jobs or demanding businesses, they find that that’s just right. They don’t want to pick up the tab for the 322 days a year they won’t be using the boat. Sharing is the smart investor’s choice.
What keeps machines functioning at peak condition is constant use. The engines need lubrication to stop them from seizing, the hull needs moving water to clean it, the batteries need charging, and the fuel and water in the tanks need to be fresh. A shared boat is a boat that gets used, which means it’s in better condition and better preserving its resale value than the boat next door that sits around for weeks at a time.
There’s much to learn when it comes to keeping a boat. Some of it’s who you know—reliable, trustworthy experts and tradespeople. And some of it’s what you know—keeping the boat maintained.
We take care of all that for our owners. Your boat will be serviced only by authorised tradespeople working to the manufacturers’ guidelines.
We have 10 syndicated boats on the water and 15 more under management. As a result, quality engineers, tradespeople, and suppliers are eager to work with us, and we have the expertise to keep your boat in optimal condition.
Learning to pilot a boat is just like learning to drive a car, except it’s more fun, and fewer people get to do it. With our training, supervision, and ongoing support, you could be at the helm of your own multimillion-dollar motor yacht in a matter of weeks.
Unlimited training is included in your boat share. We want you to be confident when you’re taking your clients under the Harbour Bridge, showing your family Taronga Zoo from the water, or setting a course for Watsons Bay for a seafood lunch and swimming with friends. You can even sail through the Heads to cruise past the northern beaches up to Pittwater.
You’re the skipper—it’s your call.
Of course, you might just want to relax with your family and friends, or talk to your clients. And you might want to have a couple of drinks, in which case the law is the same on the water as on the road. We can provide a skipper, crew, chef, and wait staff—whoever you need.
Our concierge service means your boat trips run with a click or a call. Browse the calendar on our online booking system to select your days on the water. Bring your own food or drink, or book it through us and we’ll make sure it’s on board before you are.
Whatever you need, you can turn up with your clients, family, or friends and know that, every time, everything will be there, waiting for you.
You own the boat, but you relax while we do all the work other boat owners have to do themselves. We do the cleaning, keep the boat fuelled, and schedule and supervise the maintenance. We can arrange catering and alcohol delivery. Don’t want to pilot yourself? No problem, we provide crew.
You relax, we do the work.
You are buying a boat that you will own in a syndicate with seven other people. Each syndicate is for a specific model of boat, identified in advance and bought only when the syndicate has all eight members. The amount of capital required will depend on the boat your syndicate will own. Shares to date have ranged from $45,000 to $325,000.
We sell the boats at a predetermined time in the life of the syndicate (usually less than 3.5 years). Like every market, the market for boats is affected by innumerable variables, so we can’t make guarantees. In the past, owners have recouped roughly half of their capital investment through the sale of the boat.
You can offer your share for sale before the dissolution of the syndicate.
Owners pay a monthly amount representing an equal share of running costs, like berthing, maintenance, and cleaning. You pay for the fuel you use on your own trips.
Luxury Boat Syndicates is open for boating 365 days a year, but we allow 21 days annually for scheduled maintenance to keep your boat looking fresh and running perfectly. We try to plan maintenance outside of prime time—school holidays and weekends—so you can enjoy your boat when you most want to. That includes weekends and public holidays, including Christmas and New Year’s.
Regular servicing also preserves the resale value of your boat. Because we service boats twice a year, you don’t get expensive problems like gearboxes that need replacing when they could have received preventive maintenance at a fraction of the cost. Also, a service history gives your boat a profile, and it lowers your insurance premiums.
Every syndicate has a predetermined end date, which is usually less than 3.5 years. The period varies slightly because the end date is timed to coincide with selling before an Australian summer to get the best price in the shortest time.
When we sell the boat, the owners receive equal shares in the proceeds.
If you want to sell you share before the dissolution of your syndicate, you can, and we will be happy to help you find a buyer.
Excellent boat share model.
I have several friends who have purchased a share in a boat through Luxury Boat Syndicates and they are all very happy.
Great service, and expeditiously fixing all problems that inevitably arise on boats, that leave all other boatshare companies in its wake.
Ian and the team have done a wonderful job accommodating myself, friends, family and work associates. I would highly recommend his product and service to anyone thinking about buying a boat - you'll no doubt have experiences you will fondly remember for your whole life.
Ian provides an amazing walk on walk off service which is ideal for young families and experience boaters alike. This is the only way to own a boat on Sydney Harbour. All the service without any of the hassle. A truly professionally run service orientated business, where the customer comes first, and nothing is ever too much trouble.
LBS provides us a fantastic service for business meetings, and corporate days. Our clients, prospects (& management team) love the walk on, walk off service - no dramas, so we can get on with our business & the incredible catering service always down well. The LBS service is friendly, relaxed, and above all professional. For our company it helps us win deals. Thanks guys, keep up the great work.
Recently signed with LBS with little boat experience, Ian has patiently provided the tuition required to operate, navigate and handle a big boat. ( all part of the LBS service )
Had our maiden voyage over Easter and the whole experience was just fantastic.
If your looking to get into a boat without much experience or without the headaches of full ownership these people are for you.
Ian and his amazing team have literally changed our lives.
We are so thankful that a service like this exists and Ian made it happen.
I am very happy with the service, amazing.
Ian and the team provide a fantastic service. From the moment we met Ian we knew this option was right for us. We are in love with our boat and look forward to many more days on the harbour.
Why pay for a luxury boat everyday if you don't use it every day?
From a financial perspective, using Luxury Boat Syndicates is a no brainer, compared to owning your own boat. Your can get access to a much bigger boat than you can afford to buy and for a fraction of the cost
Ian and the LBS team have excelled in every respect, making our boating experience absolutely top drawer. The management and commercial model works very well, service is always with a smile, and we are a couple of very happy campers. Try it, you'll like it!