Tuesday, 2 July 2013
Rare 1/20 share in narrowboat Shadow for sale: £1,250
After about 12 years of brilliant boating on nb Shadow we now need to sell our half-share* as we hope to do more cruising on Jubilee. Especially when Ally and Ben have (eventually) bought their house.
Shadow is a six-berth 58' semi-trad narrowboat built in 1995 by Pat Buckle.
click here) you can see a breakdown of running costs for last year which will give you a good idea of the costs. Don't forget, you pay half the amount quoted for a full share, i.e. about £600 per year including the management fee. There is lots of other useful stuff about Shadow on the BCBM website.
If we didn't have another boat we would not be selling, as Shadow is extremely good value for money, and a fantastic way of getting a couple of weeks' holiday each year. The boat is currently moored at Wigram's Turn Marina at Napton Junction (near Daventry). The mooring location is agreed by the syndicate at the annual general meeting, usually held in Walsall in the autumn (attendance not compulsory!)
All we are asking for our 1/20 share is £1,250.
*Update to clarify re. half shares: When narrowboats started to be sold into managed shared ownership the boats were usually split into 12 equal shares. So a "half share" refers to half of a 1/12 share, i.e. a 1/24 share. A "half share" isn't half of the boat. As I have tried to explain above, Shadow now comprises eight "full" shares and four "half" shares making ten shares in total. Therefore my portion is effectively 1/20 of the boat; I pay 1/20 of the maintenance costs etc. But the syndicate is still trying to sell two more "full" shares to bring it back to a 12-share boat. If this happens there will be two consequences: each owner's costs will reduce by 17%; and there will be slightly fewer weeks available, but remember that there are often unclaimed weeks every year.
Posted by Halfie at 20:30