In 2012, Anton Prange signed up for syndication on a sailing yacht with Yachtshare. By 2016, as the adage goes, “he liked it so much, he bought the company”.
The first order of business was bringing on an Integrity 380 Sedan.
“The business was traditionally sailing yachts and cats,” Anton explains. “But from the feedback at boat shows, we realised there was an entire market looking for syndication on a low-maintenance motor yacht.”
Integrity ticked all the boxes: structurally strong, solid, protected running gear, fuel efficiency, low maintenance and running costs, spacious, comfortable, stylish.
Currently, Yachtshare operates two Integrity boats – a 380 Sedan called “Revelation” and a 460SX known as “Satisfaction”.
“We have 15 boats in total, all of them ending in ‘tion’,” explains Anton. “Perfection, Celebration, Temptation. We have a Scrabble book of 100 names. Most of them work!”
Yachtshare employs 20 staff and is based at Manly, in Brisbane – the largest marina in the southern hemisphere.
This year, they will be bringing on two new vessels: a 460 SX+ and a new Harbour Classic 40.
“I’ve worked with Lee Randall for over a decade,” continues Anton.
“We would take as many Integrity boats as we can get. We love the brand, especially under Bruce Scott who has evolved the brand and the models.”
Yachtshare is riding a wave of popularity, due to a rise in the uptake of boating. “During the pandemic when travel was restricted, people holidayed at home. They also brought forward their boating ambitions. They realised life is short. Maybe they were saving up for a boat of their own, and they see that part ownership allows them to have the usage without the burden of ownership.”
Each Integrity is owned by 10 people; some owners have two shares at $100,000 per share.
Owner since November 2021, Tim Hennessy and his wife Louisa hold two shares in the Integrity 460 SX “Satisfaction”.
For Tim and his extended family, including 10-year-old son, Lewis and four older children ranging in age from 23 to 31, syndication represents better value than full ownership.
“I’m not yet retired,” he explains. “We have 66 days of boating a year, which is plenty. We all get together, the whole family, up to 14 people and enjoy days out on Moreton Bay, the Broadwater Canaipa Passage on the western side of North Stradbroke Island and Couran Cove.
“The boat is clean, fuelled and ready to go. There’s less maintenance, less hassle. We live on the canal at Newport, Brisbane and we see neighbours with boats that rarely go out. 365 days of boating is not possible! Fractional ownership is a great option.”
Their boat is based at Royal Queensland Yacht Squadron which gives them easy access to Moreton Bay and an easy cruise to the Gold Coast.
Tim and his family love the free-flowing layout of the Integrity 460 SX. “It’s open, bright, safe – the perfect entertainer,” he says.
“We just love the freedom, the serenity of being out on the water,” he continues. “There are so many picturesque anchorages, such as Tipplers. You can drop anchor and go ashore for breakfast, lunch or dinner, a walk, or head surfside.”
As for his satisfaction with the Yachtshare model, Tim says he is completely content. “Anton is doing a cracker job! It’s everything he said it would be and more!”