Owning and sailing your own yacht is a pleasure of which many sailors
only dream: we can make it possible for you, through what we believe
is the best bareboat yacht purchase and charter scheme in the business.
We make sure you have all the fun with none of the work or the worry,
providing a unique level of personal attention and service. We protect
your investment through meticulous maintenance and bring in a steady
return through well managed charter.
NEXELL - The Company
Nexell is an independent bareboat charter specialist at Ibiza. As
a company we are small enough to provide the personal touch so important
for both owner and charterer, yet large enough to provide a high level
of yacht maintenance and operational skill together with the efficient
organisation of all aspects of charter holidays.
Foreign flag yachts are welcomed in Ibiza as charter yachts, but must
comply with all local regulations. Nexell holds an official licence
to charter in Ibiza. We do not 'brand' your boat with the company
name, placing only Nexell pennants and small stickers on the boats.
We thus make discreet visual signs that your yacht is part of the
Nexell fleet whilst allowing you to enjoy the pride of private ownership.
Why Ibiza?
Ibiza is one of the most attractive locations to own and charter a
yacht: we believe it offers the best sailing in the Balearics.
The season is long (from April to early November), sailing breezes
are excellent, the sea is warm, the people friendly and welcoming
and the food and restaurants good. In short, Ibiza has all the ingredients
for wonderful holidays, and many charterers return year after year.
Each yacht has a contract for a marina berth.
Choosing your yacht
We recognise that yacht owners have differing requirements and objectives,
and we will work with you to ensure you achieve them. With Nexell
you are not restricted to a small number of models or boat builders
from which to choose, and some of the yachts in our fleet are not
the usual charter types. Our only requirement is that the yacht be
purchased new through us: we do not accept used yachts into the fleet.
Our flexibility allows you the owner to choose the yacht which suits
you personally, and to equip it to your own requirements. We will
point out the advantages or drawbacks of a particular boat and advise
on factors which will make it more or less successful for charter.
In some cases the owner accepts that the chosen yacht will not be
the most successful charter boat but will place it with us to have
it well looked after, to cover its costs and because it suits his
or her needs exactly.
Boat shows are excellent opportunities for viewing the latest models.
Nexell staff are available for consultation, and will be happy to
accompany you to look at a range of yachts and discuss their suitability.
We will negotiate on your behalf with suppliers to secure the best
prices on the yacht and equipment. Bear in mind the long lead time
involved in yacht construction: in most cases you should order your
yacht in summer or autumn for delivery the following spring.
Specification
For the safety of both owners and charterers, we insist on a comprehensive
standard inventory on all yachts, which is included in your purchase
quotation. Good ventilation, refrigeration and water capacity is vital
in a hot climate, and an electric windlass, electric bilge pumps,
extra batteries, wind/speed and navigation instruments are also included
as standard.
Additional equipment can be put on your yacht at your request, such
as radar, bowthruster, or air conditioning. These items will be discussed
with you in detail at the time of ordering your yacht; some items
must be factory fitted, as retro-fit may be expensive or impossible.
Financing the Purchase
We do not offer finance, but can suggest a marine mortgage provider
familiar with this operation. If you take out a loan for the full
purchase price of the yacht, it may not be fully covered by the return
you will receive. However, consider the cost of an annual 4 week charter
holiday when making your calculations!
We do not offer fixed percentage returns. Ours is a variable income
scheme, depending on the number of weeks of charter sold on your boat,
which will vary from year to year. The type of yacht you choose will
affect its popularity for charter, and we will prepare estimates of
charter income when discussing the yacht you wish to buy..
Company ownership can be advantageous, but you should obtain professional
advice from an accountant or financial adviser on your own individual
circumstances.
Value Added Tax
The VAT will be paid back by officials in case of a commercial investment.
If at a later stage you wish to use the boat privately only, then
VAT will have to be paid, based on the value of the yacht at that
time.
Holiday entitlement
As an owner you may reserve 4 weeks use free of charge on your own
boat each year at any time during the season. Should you require additional
use, we will make a charge equivalent to the income the company would
have received had it sold a charter holiday. If you have a spare week
and your boat is available at the last minute, then you may sail your
boat free of charge. You may also sail out of season free of charge.
The costs of travel to the boat are payable by you. You may make your
own travel arrangements.
The Charter Management Contract
Our initial agreement is normally for 4 years, starting from 1 November
in the year in which you order your yacht. After this time you may
renew your contract with us annually up to a further 6 years, an arrangement
unique to Nexell. We are able to charter successfully for this length
of time due to the high standard of equipment and maintenance on our
yachts, and also the fact that our boats are offered for bareboat
charter only to experienced sailors, minimising wear and tear.
87 to 89% of the net charter revenue will be paid monthly to the owner
throughout the charter season. Income depends upon the number of weeks
chartered, and some years are better than others.
Owners are charged an annual management fee between 11 and 13%. The
predictable third party running costs including insurance, marina,
boat yard, charter licence and routine service and maintenance labour
will be paid by the owner. The owner is responsible for the cost of
parts for the yacht.
At the end of the contract, you may wish to take the yacht out of
the fleet for private use, and we provide an overwintering service
to assist you. We can also offer a brokerage service if you wish to
sell your yacht, whether to replace with a newer model in the fleet
or to pursue other interests. Nexell boats generally hold their value
extremely well, due to the high standard of professional maintenance,
and the fact that they have not been used for a flotilla.
Insurance
All boats are comprehensively insured for their full value in your
own name under a fleet policy with a specialised German marine insurance
company. Excesses are covered by security deposits or insurance taken
from charterers. Our claims record is exceptionally good as all our
clients are experienced sailors.
Sailing from Other Destinations
If you wish to sail elsewhere than in Ibiza, we will ensure you receive
a discount on the published price for any booking that you make through
us. The amount will depend on the destination, as the commission we
receive from our partner fleets varies.
And finally….
To check out our claims, take a holiday on our fleet in Ibiza. For
purchasers who place an early order with us on a yacht for the following
season, we can provide use of a yacht in Ibiza free of charge for
one week in the current season.
