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Shimmering Steel

   
Type of scheme Private
Number of sharers 8
Year of construction 1990
Home mooring (2017) Thames & Kennet Marina, on the Thames at Reading
Type of craft Dutch Steel Cruiser
Length 37.5 x 11.5 feet
Engine Type Daf, 6cyl, 118 hp, Diesel
Berths 4 + 3
Change over day each week Friday
Are pets allowed Allowed
Is smoking allowed INSIDE the boat NOT Allowed
Booking System
There are eight shares, with each owner being entitled to four weeks use per year between March and October. Weeks are allocated on a rota system with the starting position being rotated each year, and each owner having one week in every eight.

Owners are free to swap weeks by negotiation, generally at the AGM. For instance it is often possible to arrange to take two weeks together rather than having them all spaced out at seven week intervals.
Priority for school holidays

None

 
General comments about the boat
Shimmering Steel is well maintained and is fully equipped for cruising the Thames. There are two helm positions, one in the saloon and one on the raised aft deck. The aft deck has a fully fitted canopy which provides effective weather protection but is easily folded away in good weather.

There are four permanent berths - two singles in the forward cabin and a double in the aft cabin. The galley dinette and saloon settee provide an additional three berths if required.

Excellent soundproofing means that engine noise is minimal, and the large picture windows mean that the saloon and galley are very bright and airy.

- Forward cabin with 2 single berths
- Galley with gas water heater, fridge, oven, 4 burner hob, microwave
- Dinette which converts to double bed
- Saloon with inside helm position
- Large picture windows and curved settee/single berth
- Aft cabin with double berth and wardrobe

- Heads (loos) with wash basin and separate shower
- Electric toilet to holding tank

- Diesel fired warm air central heating to all cabins
- Flat screen TV and DVD player
- Radio in saloon and aft cabin

- Aft deck with helm seat, table and chairs
- Full canopy on the aft deck

- 6 cylinder normally aspirated diesel engine
- Upgraded soundproofing in engine bay
- Bow thruster

- Separate domestic battery bank
- Shore power and battery charger
- Mains inverter
- 12v socket at inside helm position

- Fenders, warps, anchor with manual windlass

Regular maintenance means that problems are rare, but in the event of trouble the syndicate has a subscription with River Canal Rescue which provides a 24 hour breakdown service.
 
 
Pictures of the boat

 

 

 

More pictures at this web site
 
Specific details for the share offered
 
Size of share as a percentage or fraction

12.5%

Price in UK pounds £11,000
Reason for selling Unexpected illness
Pre-booked weeks included 2017 -
7 days starting
9th October.

2018 -
7 days starting
20th April 2018
6th July 2018
14th September 2018
5th October 2018
School holiday share possible No
Holiday entitlement with share offered here.
My share entitles me to 1 week in 8 during the season from April until October. The weeks change by advancing one week each year.
 
We also exchange weeks and use weeks that other share owners cannot use for no additional charge.
Running costs for 2017 Monthly Direct Debit of £125. This covers river licence, mooring at Thames and Kennet Marina (including electricity, pump-out and water), normal maintenance, emergency maintenance via River Rescue, agreed boat improvements.
Contact details for vendor denis.harding@live.co.uk or 07801 198511
Search terms pte thms 6b 45f
 
General Comments by vendor
 
Each owner has title to a 12.5% share of Shimmering Steel and becomes a member of the management syndicate. Shimmering Steel was originally managed by a commercial boat share company, but for the past five years has been managed privately by the eight owners. This works very well, and represents a significant cost saving by avoiding unnecessary fees of over £3000 each year.


Regular maintenance is contracted out to a marine engineer based near the marina. Other work is carried out either by the owners or other professionals as necessary. There is an AGM each November where the owners get together to discuss plans for the next year and to agree on any additional maintenance or upgrades.

Recent upgrades include:

- New deck paint 2016
- All new upholstery 2015
- Refurbished bow thruster 2014
- Partial rewire and upgraded electrical system 2013
- Full canopy for aft deck 2011
- Repaint hull and superstructure 2008

There are eight shares, with each owner being entitled to four weeks use per year between March and October. Weeks are allocated on a rota system with the starting position being rotated each year, and each owner having one week in every eight. For instance the owner having the first week in this season would have weeks 1, 9, 17, 25 and next year would have weeks 2, 10, 18, 26.

The advantages of this system are that everyone knows years in advance when their weeks are, and over time every owner gets to have the use of each of the 32 weeks in the season. Owners are free to swap weeks by negotiation, generally at the AGM. For instance it is often possible to arrange to take two weeks together rather than having them all spaced out at seven week intervals.

Changeover days are Fridays, and owners are expected to leave the boat thoroughly cleaned inside and out. Most use a cleaning company based at the marina for this rather than do it themselves, but this is optional.

Shared ownership makes boating very accessible at a much lower cost than hiring or sole ownership and boat-shares for this type of boat are very rare, making Shimmering Steel uniquely attractive.

Have four weeks on the Thames each year for around £350 a week, compared with around £2000 a week for a hire boat!

For more details see www.shimmeringsteel.co.uk 

 

 

 

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