Shimmering Steel



there is a share for sale on

Shimmering Steel

Shared steel cruiser based on the River Thames


 


General information

Type of schemePrivate
Noiminal number of sharers8
Year of build1992
Home mooring (2018)Thames & Kennet Marina, on the Thames at Reading
Length37.5 x 11.5 feet
Engine Type (last knownDaf, 6cyl, 118 hp, Diesel
Berths4 + 3
Change over dayFriday
Are pets allowedYes
Is smoking allowed insideNo
Booking systemThere 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 holidaysNone.

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

Shared steel cruiser based on the River Thames
Shared steel cruiser based on the River Thames
Shared steel cruiser based on the River Thames
Shared steel cruiser based on the River Thames
Shared steel cruiser based on the River Thames
Shared steel cruiser based on the River Thames

Specific details for the share offered

Size of share as a percentage or fraction1/8th
Price in UK Pounds£10,000
Reason for sellingWe have had eight fantastic seasons of family 
holidays on Shimmering Steel and we have decided 
that it's time for us to move on to other things for now.
Pre-booked weeks included10 April 2020
5 June 2020
31 July 2020
25 September
Holiday entitlement with share offered here.Shimmering Steel is operated on a 32 week 
season between April and October with each 
owner getting every eighth week making a total 
of four weeks use per share.

The weeks change by advancing one week each year.
 
Owners can exchange weeks by negotiation at the 
syndicate AGM in November. Any spare weeks not 
required by the allocated owner can be used for no 
additional charge.
School holiday option possible?No
Running costs for 2018/9Monthly 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.
How are the running costs to be apportionedI would ask the incoming owner to take over the 
monthly contribution from purchase. There is also a
£200 transfer cost payable by the new owner to the syndicate.
Contact details for vendorcontact@shimmeringsteel.co.uk

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 has been managed privately by the eight owners since 2008. This works very well, and represents a significant cost saving.

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:
- Larger replacement fridge fitted 2018
- Renew anti-slip paint on all deck areas 2016
- 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.

For more details see www.shimmeringsteel.co.uk 

Other Shares For Sale

Shares for sale menu


If you cannot find a share to suit please joining our mailing list and be amongst the first to be advised when new shares come up for sale.

Be the first to find out when a share is added, join our mailing list

* indicates required

 


Search terms: Thms prte 45ff 6b6b 1020