Why do people buy cruising yachts? There are plenty of other large objects that lose value when they're in the sea, but sailing boats, the kind with mizzen masts and aft decks, rather than the gleaming white Bond-villain type, remain in vogue with the marina scene because they're considered timeless.

Edinburgh's VoxBox Records, an independent record shop with a fledgling label attached, has just embarked on what they call their most ambitious release yet: a deluxe blue vinyl pressing of MGC1, the debut album of hook 'n' harmony revivalists Miracle Glass Company.

Recorded in just four days, the musicianship of Miracle Glass Company is undoubtedly of a high quality. By switching around lead vocal duties, as well as exploiting close three-part harmonies on almost every track, there's a pleasing equality between the trio.

If the sound they were aiming for was timeless, the sort of thing that conjures up memories of Merseyside in the 60s and the Lennon/McCartney partnership at the peak of their powers, then they've achieved their goal. The question is, however, whether there's any point in listening to another record that dutifully doffs its cap to Abbey Road and Revolver.

There are some nice moments – lead single 'T-R-O-U-B-L-E' is catchy enough – but in keeping resolutely to a course plotted through the inspirations and icons of 20th century rock, Miracle Glass Company miss their opportunity to bring something new to the table. Producer Owen Morris, previously associated with The Verve and Definitely Maybe-era Oasis, has helped to give MGC1 a bit of polish and sheen, but makes the same mistakes that the Gallaghers and Richard Ashcroft still make today, in only daring to imitate their influences.

Here's the thing about sailing yachts: as satisfying as that classic look is, they're really slow and they don't have Wi-Fi. Similarly, MGC1 is a record for those disinterested in going anywhere new anytime soon.

MGC1 is out via VoxBox Records on Fri 14 Oct.