Superyachts are definitely the ultimate toys for the UHNWI and for most part, they simply are the best homes to spend their holidays, whether with their family or friends.
There is an infinity of choice, from all sizes, designs, performances… From sportive sleek, jet powered 30m yachts, to amazing two masts sailing yachts or 80m+ floating palaces, everyone’s dream yacht already exists or can be built.
Purchasing your first superyacht is a huge decision and something that should always be undertaken under the guidance of an experienced, trustworthy and knowledgeable Client Manager or Broker.
Leading charter, management and sales specialists West Nautical talk us through the process and their key considerations to take into account should you decide to enter the very exclusive club of superyacht owners.
There are many important factors to consider when making a purchase of this magnitude and it is important that you find the yacht that will meet all your expectations and will best suit your personal requirements, in order for it to provide you amazing enjoyment for years to come.
Each and every yacht is completely unique, so it is best to start with a list of your ‘must haves’ to provide a good starting point and basis for your search. Some key considerations include:
Taking all of the above factors into account will help you to define your requirements and find a yacht suitable for your needs, with the help of a reputable Client Manager.
The legal requirements for yacht ownership can be very confusing so it is imperative that you find a broker with in-depth experience of yacht purchase and is knowledgeable about the legal implications for you as an owner. They will ensure that all of the relevant due diligence is undertaken, in addition to checking all surveys and ensuring you have all of the relevant paperwork, legalities and insurances to cover you going forward.
There are two options available for paying for a yacht: purchase outright or a mortgage. Again, this is something your Client Manager will be able to advise on, but it is something to consider in the early stages of purchase.
The buying process can take several months; however, the process is fully worthwhile and will open you up to a world of endless possibilities. Rushing this process or skipping steps can prove costly down the line so patience is key.
Ownership of a superyacht will enable you to take to the seas and visit secluded alcoves and bays that are not accessible via any other means. Whether you are looking to cruise the coastline and visit some of a country’s most famous cities, island hop or simply sit at anchor and enjoy complete peace and tranquillity, a superyacht provides the ability to do this in complete privacy in your own unique way.
A yacht holiday is the only getaway where your five-star accommodation is also your transport, which is further benefitted by the ability to move between destinations at a moment’s notice, and with no queues or traffic.
Our one key piece of advice would be to ensure you are dealing with a reputable Client Manager who has extensive experience of building, selling and purchasing yachts, as the initial steps are crucial to your future enjoyment. There will then be nothing holding you back!
West Nautical sell, charter and manage superyachts from their head office in Newcastle upon Tyne as well as offices based in the UK, Russia, France and Cyprus.
Since their inception, West Nautical have become recognised as one of the most respected, trusted, knowledgeable and accountable professional services firms in yachting – largely due to their relentless determination to act in our clients’ best interests. Their approach and attitude is transparent, refreshing and focused on providing value-added services delivered simply, elegantly and affordably.