Published at Wednesday, June 06th 2018. by daniel amoien in Cruise Ship Cabins.
I was able to negotiate with the owner John Kosmas and get some concessions. I got the price down to $500000. And at that price he agreed to bring the ship into compliance with SOLAS 2005 and also to include new paint topside. The ship was fairly well furnished even including bed linen but the ship had been laid up for years. Its most recent service was in the Mediterranean and Black Seas. Cruise ships that trade exclusively in the Mediterranean and Black Seas tend to have smaller cabins and fewer amenities than the typical cruise ships that frequent the Caribbean. The bottom line is that this ship was an economy model not a luxury model. When I was inspecting the engine room I asked for the engine log. When I opened it I noticed all the entries were in Greek. I was able to discern some dates and other data that told me when the ship was last in service but I could not read the Greek entries so I handed the engine log back to the ship owner and told him It`s all Greek to me. Being Greek Mr. Kosmas failed to find the humor in that.
There are hundreds of cruise ships on the market but I will just mention one more here. This cruise ship has RO/RO (Roll-On Roll-Off) capability. This would be very convenient for live aboard owners who want to bring their toys with them. The garage deck will accommodate 6 to 8 trucks or 60 to 80 cars. That converts to a lot of co-owner toys such as motorhomes travel trailers campers cabin cruisers ski boats jet skis sailboats houseboats bass boats motorcycles ATVs cars and trucks.
While onboard one of NCL`s executives asked me what I thought of the ship and what type of client it would be best suited for. Without hesitation I responded that the Epic would be most appreciated by the client who has been on many cruise ships and now wants to experience something truly unique. Consistent with that it`s no coincidence that my wife booked the 15-year anniversary cruise for Direct Line Cruises` staff on the NCL Epic and now that we`ve gotten a small taste of it we can hardly wait until September when we set sail on the Epic for 7 nights.
Standard inside cabin. This type of cabin has no windows and is located on the inside corridor. It is usually carpeted and furnished with a telephone TV and air conditioning unit. The standard inside cabins of newer cruise liners includes a refrigerator small vault table loveseat and an Internet access. The bathroom has a shower but typically is small with no tub. It usually has a retractable clothesline for hanging wet garments to dry.
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.
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