The syndicate is made up of 12 full shares, giving the owner an 8% share of the boat, and one half share at 4% ownership.
The maximum any one person or group of persons may own is two shares. A share will become available when an owner decides to sell, the price being set by the seller, (currently in a region of £5,000).
It is then up to the seller and purchaser to complete the sale and the new purchaser is required to sign the syndicate agreement to complete. 3rd party companies may be used to manage the sale, but this will incur a cost to the seller.
Allocations from May 2024 onward have been made by an initial draw to establish a new rolling allocation system, which ensures that members' allocated weeks are evenly spread over the year and members have several years notice of their allocations. the roll-forward system ensures that members will not have the same week for several years. Members are free to swap weeks with others if the allocation does not suit.
As each shareholder is in part a boat owner he/she is responsible for the day to day cleaning of the interior and exterior, including fenders – all part of the fun of ‘messing about on boats’.
Owners are also required to complete a toilet pump out for any facilities used (note there are 2 toilets on Moonlight Shadow) and to fill the diesel tank at the end of their stay on board, at their own expense, leaving it ready for the next owner, as you would expect to find it.
Any damage caused to the boat due to an owner’s negligence must be paid for by them – up to the limit of the insurance excess. As an owner, there are annual fees to pay, which are used to keep the boat in tip-top condition and to pay for permanent moorings at Horning Pleasurecraft, Ferry View Estate, Lower St, Horning, Norwich NR12 8PT.
Currently, the members pay £150.00 (per full share) per month for this, which includes servicing, moorings, and breakdown rescue costs.
Moonlight Shadow has a full inventory of everything you are likely to need whilst onboard including pots, pans, crockery, cutlery, glassware and kitchen utensils. Duvets and pillows are provided however duvet covers, pillow covers, towels and tea towels are not included and you are expected to bring your own.
Other pages on the site detail what you will find on Moonlight Shadow, with lots of images and some drone footage took by our syndicate member Malcolm Moulden whilst he and his family where on Barton Broad.
Please take a look at our lovely boat. If all this sounds "right up your street" and if there are currently shares available to purchase, please make contact with us and we will be pleased to arrange a viewing.
If shares are not currently available, you can register a no obligation interest, by using the contact us below. We will then contact you should a share become available.