What is Shared Ownership?

Shared Ownership is a simple concept that allows you to buy part of a boat, which you can use for a fraction of the cost of owning a whole boat. You purchase just the part of the boat amounting to the weeks you want, and only have to pay the upkeep (maintenance fee) for the part you own. With Deckshare ownership you are free to enjoy your holiday with the peace of mind that someone else will manage and help run the boat all the year round. Like any other property you own you can let someone else use it (subject to the terms of ownership), sell it, give it away or bequeath it to your heirs, so for a small investment you have a share in your own boat for years to come.

Own your share of a high quality Alvechurch built narrowboat
Eleven 4-week shares of a boat will be made available for sale (multiple shares can be purchased by one owner). Owners are purchasing their share of a specific boat for the lifetime of the vessel. The owners will be involved in decisions regarding the ongoing upkeep of the boat as a consortium.

Allocation of weeks
Weeks will be allocated in a strictly rotational manner, starting from the first Sunday in January, in 1-week lots. i.e. in Year 1 the share-holder allocated week 1 will also hold the 12th available week (excluding those retained for maintenance and hiring). From these allocations, all owners can arrange ‘swaps’ for preferred weeks if they so wish. In year two this will move on to start one week later.

Deckshare will allocate certain of its week(s) (probably during January or February) for maintenance and retain the late spring bank holiday week (starting the Sunday before the last Monday in May), plus the last 2 weeks in July and 4 weeks of August, for hiring.

The part Deckshare plays
Deckshare will retain a one twelfth share and the remaining weeks for maintenance and/or hiring. The retained weeks will be marketed as part of the Alvechurch Waterway Holidays fleet’ at a premium price’ to attract the highest standard of guest, at the peak income weeks in the season.
The income from the Deckshare weeks let by Alvechurch will be split equally between Alvechurch and a central owners’ fund to offset the annual running and maintenance costs of the boat.
If an owner cannot use all of their weeks within a year they can offer them to Alvechurch for hire. If the boat is hired out, any income for that period is split, as above, but the individual owner’s portion will be credited against their own annual running and maintenance contribution.

The boat will be operated by Deckshare from one of 8 Alvechurch locations each season, maintaining and servicing the boat between use. It will be made available for hire for up to 10 seasons.

Deckshare will provide the booking and management service. At the end of the life of the boat (as decided by the consortium) it will act to replace and/or broker the boat. Deckshare can also re-sell shares if required.

The part Alvechurch plays
To ensure quality of boat and boating experience, we have teamed up with Alvechurch Boat Centres the leading narrowboat builder and hire company to build and maintain the boats to the highest standards. Alvechurch have over 30 years experience of building and operating boats, with an enviable reputation for quality and customer care. Alvechurch will market the weeks held by Deckshare and any unused weeks for hire and provide all the operational services to fulfill those weeks and sharing any income equally with the syndicate fund. For more information about Alvechurch click here. (Alvechurch).

We are committed to giving owners the very best in boating holiday experience, choice, quality and flexibility.

Shared boat ownership could not be easier. To find out more, why not contact us and one of our team who will be happy to provide a more detailed explanation about shared ownership and answer any questions you might have.

As the boat owner the choice is yours.