2007 Moorings Squadron 74

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GFK (Fiberglas)
Now available through The Moorings Fractional Ownership Program for only $430,000 per share. The yacht is owned by a Limited Liability Corporation and divided into 10 equal units. Owners can purchase one or more unit. Each unit gives the owner 4 weeks of cruising time aboard the yacht every year, with the services of a professional captain and gourmet chef, both experienced charter crew hand picked by The Moorings. In addition, The Moorings manages the scheduling, insurance and maintenance issues. After 5 years the yacht is sold and proceeds distributed between the owners and the LLC is dissolved. Depending on individual situations, owners may take advantage of tax deductions from the investment and the operation of the Yacht, pro rata of the number of units owned. One of the unique aspects of this fractional program is that owners can choose to have The Moorings charter out the owner?s time they may not want to use, which can earn them substantial revenues. This is where the 38 years of chartering and yacht management experience of The Moorings is invaluable and distinguishes them from other companies offering fractional programs. The superb layout features 4 double guest cabins each with LCD television and DVD, crew quarters aft, home theater system, fly bridge bar, satellite phone, RIB with outboard and remote steering console and a host of water toys including kayaks, windsurfers and underwater scooters.
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