Riviera Syndication launches in Western Australia

Riviera Syndication says its Riviera 38 Open Flybridge was the centre of attention at Western Australia’s Club Marine Mandurah Boat Show last weekend.

The vessel is the first Riviera to be syndicated in WA as part of the long-running Riviera Syndication program and reportedly attracted plenty of interest over the three days of the biggest boat show held in the West.

Many of the 10 shares available in the Riviera 38 Open Flybridge, which will be moored in the Swan River at Aquarama, were quickly snapped up at the show by new owners keen to cruise the Swan River, spend a weekend in one of the idyllic bays of nearby Rottnest Island, explore the beautiful South-West coast or even perhaps visit the Mid-West’s world famous Abrolhos Islands, Riviera Syndication said.

According to the company, the 38 Open Flybridge offers spacious accommodation, with two cabins and an electric roll-out bed in the saloon that allows comfortable sleeping for six, and ease of handling courtesy of bow and sternthrusters.

Riviera Syndication said the boat is also immaculately finished inside in Riviera’s New Generation interior design. The company added that the fully optioned 38 Open Flybridge offers all the refinements that Riviera is renowned for, including well appointed galley, reverse cycle air-conditioning, two hot and cold showers, and icemaker and entertainment unit. Safe navigation is enhanced by Furuno’s latest 3D GPS/fishfinder and Furuno Autopilot.

Riviera Syndication said that as the sun set on the second day of the Mandurah show, excited new shareholders gathered with Riviera staff to toast their involvement in a program that offers the sheer luxury of Riviera’s world-famous cruisers without the massive capital investment needed to own such a vessel individually.

The company said that traditionally, luxury boat owners have been reluctant to share ownership, but Riviera Syndication CEO, John Russell, who has been syndicating boats for over a decade, said that was changing as people realised the enormous benefits of syndicated boats.

“What owners get is a walk-on-walk-off lifestyle,” said Russell.

“When you arrive at Aquarama to board the 38 Open Flybridge, it will be sparkling clean, stocked, fuelled and ready to go.

“There won’t even be fingerprints on the high-gloss cherry timber dining table when the next owner steps on board,” Russell said.

The company said that for a one-off share purchase of $79,500 and yearly maintenance fee, Riviera Syndication offers luxury boat ownership without any of the pitfalls normally associated with the maintenance and upkeep of such a vessel.

Riviera Syndication said moorings are almost impossible to find in the Swan River and come at a very high cost when they do become available. However, the company said it has already acquired one at the prestigious Aquarama Marina in the Swan River, and the annual maintenance fee for each shareholder for the 38 Open Flybridge is actually less than the yearly cost of that mooring alone.

Riviera Syndication said it guarantees at least three days of on-water training for each new owner and booking is via an online system, with shareholders allocated 33 days per year, or almost three days per month.

These allocations, it said, are also spread evenly over peak periods and can be booked in blocks of up to six days.

Also, shareholders can exchange allocations with Riviera Syndication clients in other parts of the country, meaning WA owners can trade part of their allocation for use of a boat on the east coast.

Riviera Syndication said peace of mind is ensured by its Riviera Assist program, which offers 24/7 support to shareholders.

What’s more, continued the company, each owner has an ‘equity share’ in the boat itself; after three years the boat is sold and shareholders receive their share of the purchase price back, further enhancing the value of the investment and meaning a further reduction in the ’real’ cost of a share.

Riviera Syndication said it offers a range of Riviera Flybridge and Sport designs in syndicated ownership in some of the most desired boating destinations in Australia including the Whitsunday Islands, Gold Coast, Sydney Harbour and now Perth.

For further details, phone Phil Grove in Perth on 0423 774 719, email pgrove@rivierasyndication.com.au