Published at Monday, May 14th 2018. by beky audrey in Cruise Ship Cabins.
Cost is typically the primary concern of most travelers. The more amenities a cabin offers the more it will cost. For example cabins with a balcony typically cost 25% more than cabins with just a window. Windowless cabins cost far less but guests are left with no view. It is important to know what you are willing to live without on your trip. If a balcony is not that important then forego it to save money for entertainment or a future trip. Cabin sizes will differ on different cruise lines. The smallest rooms on larger cruise ships will be bigger than some of the larger rooms on smaller cruise ships. Many people prefer to get a smaller room and extend their vacation. After all the cabin is just a place to sleep. All of the fun and entertainment is above deck.
It is a late model and beautiful ship. It has many highly desirable attributes for a residential ship. It is a high end luxury cruise ship with an extraordinarily high tonnage to passenger ratio. This is very important for a residential ship. More living room and more space per passenger is far more essential for a residential ship than for a conventional cruise ship. When passengers are only on a ship for a short time they can tolerate cramped living quarters but when they live year-round on a ship the extra space is quite valuable. The owners have been trying to sell this ship for $22000000. That may seem like a high price but when you divide it by the number of cabins (195) the asking price per cabin is $102564. This price is in line with what you would expect to pay for a condominium. The last word I got from the owners is that they will sell the ship for $18000000 now ($92307 per cabin). The cabins are all outside cabins and are large. The ship can accommodate 606 passengers and a crew of 120 for a total of 726 people.
Let`s look at the numbers on this ship. 100% of the acquisition cost would have been $500000. 1% thus = $5000. One hundred buyers could own one percent each. There are 120 cabins so each co-owner could have a private cabin with 20 cabins left over. However these cabins are a bit on the small side. Every cabin does have a bath and shower but the size is just too small to be comfortable for most people especially if the owners intend to live onboard full time. On a ship this size I would recommend that there be no more than 60 joint owners so each can have two cabins and will have the option of converting those two cabins into a two room suite. To keep the numbers simple lets say that this ship has 50 buyers who each buy 2% of the ship. Buy in cost per owner would then be $10000. If there were only ten buyers then the acquisition cost per buyer would be $50000. $50000 will not buy much of a house on land but on this ship it would buy 10% of a ship like the Vergina Sky and twelve cabins that could be converted into a fairly large home.
There are many decent cruise ships for sale at prices of less than one million dollars that would make good private megayachts. For example take the `VERGINA SKY` is a ship that I have personally inspected and so I can talk first hand about it. The asking price was $750000. Here are the specifics of the ship in a nutshell.
There are actually some savings resulting from living aboard a ship. The ship`s executive chef buys food and kitchen supplies in bulk for the ship and can get better prices than the average shopper. Other savings result from the large freezers and the mobility of the ship giving the food service management the ability to stock up on supplies in countries where prices are low. Some crew and owners may choose to fish for leisure. This can supply some fresh food at even lower costs to the owners. Labor savings are realized when the crew is hired based upon the best global labor rates. The laws of supply and demand drive prices down in some places in the world. Proper ship management can capitalize on these disparities. All the savings would be passed on to the cabin owners resulting in an economical cost of living similar to what you could expect to spend with a conventional home. Ship management should have accounting transparency will all books (financial records) open and available for any owner to inspect. Also ship management should submit all financial records quarterly to an outside auditor for the peace of mind of the owners. Anybody in the chain who spends any of the ship`s operational funds should also be periodically audited. For example a good way to audit the executive chef would be for one or more of the live-aboard co-owners of the ship to go to the food market district of each port of call and they should try to haggle and get a better price for the same food than the price the executive chef was able to acquire. If the executive chef cannot find better deals than the ship`s co-owners then the executive chef should be given his walking papers. The executive chef position is a vital position on a cruise ship. This is a position of trust because he will bill the food he buys to the ship. He must never be tempted to accept bribes from vendors or suppliers. Therefore he should know that he will be routinely audited and any substandard performance will result in termination of his employment.
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