I'll handle the build for you investors (manage / oversee it).

Apartment Yacht Proposal ~ Preliminary Concepts, open to discussion ~~~~~~~~~~~~~~~~ all costs, below, are in USD.

Note: this yacht may also be built without masts and sails. The rooftop sail storage bin can be turned into a rooftop pool. It could also be configured for other types of businesses, for instance, a Bed & Breakfast... or ... a chapel on the top two apartment decks, above the waterline apartment... or ... by hollowing out the two lower apartments, a small ferry with a top apartment... or ... a toy hanger for small boats, PWCs and a seaplane... or ...whatever...

Printable Deck Plans ~

The designer of this apartment yacht has two Bachelor's degrees in Engineering Science and Computer Science and can be contacted by e-mail.

Who is this for?

Retirees or soon-to-be retirees OR people who work from a home office and can rely entirely on wireless access to the internet and their company's network for their data communications needs and who can drive or fly to client appointments or business meetings whenever necessary.

It's also for wealthy people who want to have a seaside ‘get away' apartment for occasional use. The ‘get away' could be in a different location every three to six months.

Investment Potential

DOUBLE or TRIPLE your investment in a year, the year that it takes to build a yacht overseas and transport it to the US. As soon as the yacht enters American waters your investment is at least doubled or even tripled depending on the local real estate market. Addendum: as the political situation in Thailand is somewhat unstable we ought to build in China (mainland) where the costs would be half that of Thailand. This would effectively give you a return on investment of five to six hundred percent in this year's time. Sound like a good business? You bet. No reason we couldn't build more than one of these vessels. Russell Kolish has designs for similar looking individual yachts as well as restaurant yachts with seating for 70 and 120 diners.

 

Section A

Looking for two to four investors to put up a total of five hundred thousand US Dollars for shares in PolyOcean Corporation which shall own and manage a three, four or five-plex apartment yacht - see drawings. Shares will be initially valued at one hundred twenty five thousand US Dollars or two for two hundred fifty thousand dollars and represent ownership of one or two apartments aboard the Apartment Yacht, ‘Paradise By The Sea.' A one hundred twenty five thousand dollar investment gives you a seven to eight hundred square foot apartment (approximately) while a two hundred fifty thousand dollar investment gives you a fourteen hundred to sixteen hundred square foot apartment (approximately). The larger apartment is created by the connecting of two of the smaller apartments on the same deck. Connection of two smaller apartments has already been planned in the design - see drawings. The designer of this yacht and the initiator of the concept, planning and carrying out of the building of the yacht by a known yacht builder in a foreign country to be named shall, without investing monies of his own, be granted two shares out of the total of six shares in compensation for his design and other personal involvement in the project of building the yacht. I'll handle the build for you investors. These two shares of the designer (Russell Kolish) shall represent ownership of the middle large apartment and the annex to apartment three on the top floor, pilot house deck and Captain's Quarters. The Pilot House deck shall be considered off limits to everyone except the designer, Russell Kolish, as it shall constitute his only passageway to the roof deck, with the exception of the times during which the yacht is in motion. At these times the Pilot House shall be open to all owners. Building in China (mainland) would reduce the required investment to approximately 60-70 percent of the above mentioned figures which are based on building in Thailand.

Management of the Apartment Yacht shall be in the hands of a Board made up of one representative for each share, a total of six people, who shall have one vote each in voting for the management elements necessary to maintain the yacht in pristine working condition as well as all other expenses related to the yacht, for example, painting, repairs and docking fees (of which these may only represent a basic few). Representatives shall be owners or people appointed by owners who shall be registered with the corporation as legal representatives of the owners.

There shall be a corporate charter or bylaws written to the following effect:

1) there shall be created a Board as described above, which shall meet on the third Monday of every sixth month to discuss whatever is necessary regarding expenses, planned routes, the hiring of a Captain if necessary and whatever other details that have to be discussed to insure the proper management and movements of the yacht. Meetings may be held on conference calls and emergency meetings maybe convened by agreement of all people concerned,

2) the yacht shall remain in one location for no longer than three consecutive months unless two thirds of the Board votes in favor of an extension of one month, extensions renewable for no longer than three months,

3) the yacht shall be in motion only for whatever period of time is needed to get from one Board approved location to another Board approved location with the exception of at least one weekend per month as described below in Exceptions, Section B,

4) when docked, which shall be most of the time with exceptions noted in section (B), below, the yacht shall be docked at public or private marinas along the planned path of travel, the planned route to be determined by a meeting of the Board and their two thirds majority vote upon an agreed upon planned route and time schedule,

5) movement of personal automobiles and/or other personal properties shall be the responsibility of each of the individual share holders,

6) projected expenses (which we shall call ‘Maintenance Fees') which will include but not be limited by yacht maintenance, docking fees, fuel, repairs, repairs of sails, rigging, etc., shall be discussed at Board meetings, voted on and approved by a two thirds majority and collected six months in advance and all monies deposited to the corporate bank account in an organized and scheduled manner as agreed upon by a two thirds vote of the Board. If apartment owners sell their shares then they shall be reimbursed the prorated value of their ‘Maintenance Fees' for the time left prior to the next Board meeting at which monies shall again be collected from all shareholders. Failure to meet these scheduled ‘Maintenance Fees' shall result in immediate legal action by the corporation to place liens against owners' shares. The corporations coffers shall be kept full at all times, the amount necessary to cover the next six months of yacht expenses to be determined by sound judgement and voting practice of the Board, and even hiring marine consultant(s) to make accurate determinations of future expenses if the need arises,

7) the Board shall appoint a temporary Sailing Captain from among the resident owners who will oversee the movements of the yacht between locations and include docking maneuvers. The temporary Sailing Captain shall be the person who has the most knowledge and experience in handling the yacht as well as seafaring knowledge in general. It is recommended that at least one shareholder in each apartment obtain his/her Captain's License so that the Sailing Captain's tasks may be shared. The temporary Sailing Captain shall be appointed by a two thirds vote of the Board. The Board shall also appoint a temporary First Mate who shall assist the temporary Captain during these time periods when the yacht is in motion. The Board shall vote on hiring a professional, independent, licensed Captain as the need arises for trips or routes which are deemed more complicated than can adequately be overseen by the temporary Sailing Captain,

8) initial travels of the yacht shall be limited to the New York City area (sixty mile radius) and then the eastern seaboard of the United States when all owners are retired or otherwise free. Summers in the north east, winters in the south east. After all owners are retired or free or just in agreement the Board may discuss and vote on extending the range of travel as well as the destinations, always limited by safety considerations,

9) owner(s) of apartment three shall make their annex room available to a professional, licensed Captain (and Mate) for hire for the duration of their employment,

10) the designer of the apartment yacht (Russell Kolish) shall be paid by the corporation a salary of $50,000 USD per year for the following services: in-port Captain and manager of the apartment yacht which shall require him to be present on the yacht at all times which are necessary for the excellent management and maintainance of the yacht. OR the designer and one third owner, Russell Kolish, shall be gifted by the corporation with a ticket to ride: freedom from contributing any monies towards the maintainance of the yacht as long as he shall live in return for the above mentioned services.

 

Some design changes can still be made to deck plans for apartments prior to starting construction.

 

Section B

Exceptions

Docking: the yacht shall be docked at an appropriate marina at a location voted on by the Board except for at least one weekend per month when the yacht shall be taken out for a weekend trip. The trip shall last from Friday evening at seven PM until Sunday evening at ten PM when the yacht shall again be completely tied up at its usual slip at its usual dock. The yacht may be taken out for longer periods or more frequently each month only with one hundred percent advance agreement of all six members of the Board.

 

Section C

Rights

The roof deck is the exclusive domain of the owner(s) of the middle large apartment. Other exclusive outdoor deck areas shall be any area within ten feet of the private entrance to an apartment on the fore decks and upper aft deck (level three, apartment4). The lower deck aft, drop-down ramp shall be exclusive to apartment one. During transit or any other movement of the yacht all exclusivities of deck areas shall be suspended in favor of the necessary and free movements of deck hands for the benefit of yacht handling, assuring general safety during passage and docking maneuvers. The aft deck (behind apartment three) shall be available for everyone's use and also shall be the official parking spot for the yacht's one automobile which shall be a four wheel drive type and be usable by all owners for the purposes of shopping on a generally agreed upon schedule by the owners.

All owners have the right to decorate their apartments as they see fit. They also have the right to maintain their own appliances and electric fixtures, everything ‘on the inside of the paint.' Everything within the walls and decks is the responsibility of the corporation (plumbing, electrical wiring, etc.). Private deck areas are to be maintained by the owners of the adjacent apartments. The common aft deck will be maintained by the owners of apartments one, three and four as they use it most frequently to access their apartments.

Children have the rights to be reasonably behaved and QUIET. Visiting children as well as visiting adults have no rights at all. These people are the responsibilities of the visitees.

Outdoor barbeques may be used and left on deck PROVIDING THAT they are kept immaculately clean and the area around them maintained in a manner which is pleasing to the eyes of everyone.

We all have the right to be quiet and respect each other's tolerances for noise. In fact it's not just a right, it's also mandatory. Outdoor parties may only be held with permission from one's neighbors and that includes neighbors who own boats nearby. Please be courteous and congenial to other people in the marinas. Courtesy and good manners go a long way in making life on the water amenable and hospitable for everyone. We want our little ‘Paradise' to be exactly that.

 

Apartment Yacht Specifications

Material: steel......................................................................................................... Maximum speed: 15 mph (24.9 kilometers per hour (kph))
~~~Hull 2" (50mm)................................................................................................ Cruising speed: 12 mph (19.3 kph)
~~~Superstructure 1/2" to 1/3" (13mm to 8mm)........................................................ Sailing speed: 5-7 mph (8 to 11.3 kph)
Length: 72 feet (21.95 meters).................................................................................. Fuel capacity: 2,800 Gal. (10,598 liters)
Beam: 33 feet (10.1 meters)......................................................................................Fresh water: 3,750 Gal. (14,194 liters)
Draft: 8-9 feet (2.44 to 2.74 meters)..........................................................................Gray water: 2,200 Gal. (8,327 liters)
Displacement: just under 100 tons (90,718 kilograms)................................................. Black water: 2,200 Gal. (8,327 liters)
Engines: twin diesels, 400 to 900 HP.........................................................................

Pool(s): 1,500 Gal. (5,678 liters)
Hot tubs: 470 Gal. (1,779 liters)

Heating and A.C.: reverse cycle Heat/AC units

 

Description

Hull design is Chinese Junk, a proven, four thousand year old marine technology. Superstructure is modern. Sails are battened Junk sails, easily handled by two people. Sails are pragmatically designed to get a boat from point A to point B without any fancy handling or sailing maneuvers. Three anchors of varying sizes for different conditions. Anchors are handled by winches below foredeck and aftdeck (not shown in diagram). Outer skin of apartment yacht is insulated as is lowest deck at waterline to provide winter coziness in north eastern climes. Heating through all apartments is via reverse cycle Heat/AC units. Water for heating system is heated by twin furnaces which are fueled by diesel oil. Hot water heaters are three 100 gallon or larger units. Two large diesel generators provide electricity for the yacht when away from shore power. Electrical systems are 110 volt, 36 volt and 12 volt. Air conditioning is provided by reverse cycle Heat/AC units.

 

Expenses

Expenses per year. All expenses amortized to obtain yearly figures.

A quarter share in yearly expenses is approximately $11,000.00.
A one third share in yearly expenses is approximately $21,000.00.
A half share in yearly expenbses is approximately $31,000.00.

Hauling and bottom painting ($4,000 for 2 years)....................................$2,000
Fuel....................................................................................................10,000
Fuel for heating interior during cold months (furnaces)..............................4,000
Fuel for generators (electrical power) when traveling.................................. 500
Dockside electrical power.......................................................................7,000
Water (non-drinking)..............................................................................1,000
Holding tank pump-outs........................................................................... 500
Maintenance painting (roof, superstructure, decks, hull above water,
masts)...................................................................................................2,000
Caulking around windows, skylights, misc. caulking.....................................500
Assorted extra wood working repairs........................................................1,000
General repairs like plumbing leaks, hoses, fittings, gaskets.........................1,000
Engine tunes ups, oil changes, oil testing, fuel filters, air filters....................1,000
Electrical wiring maintenance, gauges, meters............................................1,000
Boat insurance........................................................................................2,000
Individual fire and theft insurance - individuals' responsibility........................ 0
Dockage, regular, monthly basis (750/month) ...........................................9,000
Sail maintenance and rope, rigging............................................................3,000
Batteries replacements.............................................................................. 600
Water pumps, fuel pumps, bilge pumps, toilette pumps..............................2,000
Mufflers, exhaust system.........................................................................2,000
Rudder and strut repairs..........................................................................1,000
..................................................................Sub-TOTAL....................$52,100
............................................20 % for unforseen expenses......................10,420
.........................................................................TOTAL....................$62,520

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