Boating Syndication Australia to unveil largest-ever display at SIBS

by Denby Browning on 28 Jul 2016 Boating Syndication Australia will unveil its largest-ever display at the Sydney International Boat Show, starting on Thursday. The highlight of the display will be the first on-water display in Australia of the Fibrafort F400 Gran Coupe - all the way from Brazil.

According to BSA's Andrew Young, the Fibrafort F400 is perhaps the best-built 40-foot cruisers since the Riviera M400 was released.

'She is a rocket,' he says. 'I brought her to Sydney Harbour from Brooklyn over the weekend and she accelerates incredibly well. She is capable of high speeds and reaches speed effortlessly.

'This is also a beautifully designed and equipped boat. There is ever bell and whistle a luxury boat owner could want. The bathroom includes a separate shower stall, fully tiled. Most 40-footers on the market have what we call a 'wet head'. The shower is part of the bathroom and everything gets wet. Not on the Fibrafort.'

The company will also display the first ever 'mirror cruiser' seen in Australia - a Fairline Targa 58 with a chrome metallic wrapped hull.

'It took us two years to find someone in Australia who could undertake this project,' says Young. 'The result is stunning. The hull looks like a mirror. It looks like a stealth silveer bullet on the water.'

Other boats available for view at the BSA display include a Riviera 5000 Series II Sport Yacht, a Riviera M400 sports cruiser ('The most popular model in our fleet,' says Young) and a Riviera 5800 Sport Yacht.

Shares in the Fibrafort F400 Gran Coupe are available at $69,000 each for a 10 percent share.

'At this price, we are expecting shares to sell very quickly,' says Young. 'She is new, she is different and very stylish.'

The Fairline Targa 58 is being offered at $139,000 for one eighth share, the Riviera 5000 Sport Yacht at $137,500 for a one-eighth share and the Riviera 5800 Sport Yacht at $420,000 for a 20 percent share.

'We also have shares available in another Riviera 5800 at $210,000 for a 10 percent share,' says Young. 'This boat will not be on our display but is a sister to the display boat.'

Young says all syndication owners share in the cost of ownership and maintenance. The only additions are the fuel each owner uses while out on the water.

'Each owner receives their share of the value of the boat when it is sold at the end of the syndication term, so this is incredible cost-effective luxury boating,' he says. 'There is no exit fee through BSA.

'BSA is the only boat share company that will guarantee fixed ongoings and a minimum of 60 percent return when the boat is sold at the end of the syndication period.'