A Nice Little Project...?

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tmh900

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Sun Fast 37

Assuming the hull, keel, rudder are sound, would this make a worthwile investment?

A project to take into private ownership (I guess even when brought upto scratch the resale ceiling price would be around £65K for an ex-charter boat)?

Take into charter with a small UK charter outfit? OK, save on the VAT and perhaps some of the coding costs, and get some income from it, but still a low potential resale value?

Given what it would cost to bring upto scrtach could you make money or break even?

P.S. if you look on yachtworld there are similar age SF 37s for sale with less missing kit for between +£4K and +£9K
 
tmh900 said:
Sun Fast 37

Assuming the hull, keel, rudder are sound, would this make a worthwile investment?

A project to take into private ownership (I guess even when brought upto scratch the resale ceiling price would be around £65K for an ex-charter boat)?

Take into charter with a small UK charter outfit? OK, save on the VAT and perhaps some of the coding costs, and get some income from it, but still a low potential resale value?

Given what it would cost to bring upto scrtach could you make money or break even?

P.S. if you look on yachtworld there are similar age SF 37s for sale with less missing kit for between +£4K and +£9K
Click to expand...

Now i know why ex charter boats have a bad name!
 
Twister_Ken said:
Dunno whether it applies to the Largs boats, but the Port Solent 37s must be amongst the most repaired yachts in the universe.
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The (alleged) fragments of Cowes Yacht Haven pontoon and those from Sunsail 34, 46 and 50 embedded in the gel coat of this boat merely add to the value and authenticity :D

What intrigues me about this boat though is whether it would be a good project for a DIYer.

We see project boats with a hole in the hull you could drive a whellbarrow through and the inevitable sinking means a total refit of the interior. In those cases only a professional could do the work and hope to at least break even financially.

With this boat a DIYer could purchase and fit the missing/knackered items. The big question is would it be financially viable, even if they do most of the work themselves and don’t cost their effort?

If not, who could make this work? Should the advert read… Hull for sale to a charter company with a boat that has sound engine, boom, pulpit….
 
It doesn't have an engine, sails, boom etc.. and looks to have been used as a transplant for them, i.e. they have stripped anything of any value from it.

I'd hazzard a guess that most of the gel coat is not original too!

at least 30k to see it right.. I love the "minor project for someone" comment.. :-)
 
Thinking of boats or houses as an investment is a bad idea; a boat is for sailin just as a house is for living in. If you can sell and break even, that's nice. If you make a little money, that's a nice bonus. I tend to view money spent as money spent, not invested.

Even if you did get her done up for a reasonable price, you end up with a 'cram as many berths in as you can' charter boat.

If it were economicaly viable, wouldn't the present owner be doing it?
 
Slow_boat said:
If it were economicaly viable, wouldn't the present owner be doing it?
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I thought that too.

Might stand a good chance of success with the domestic invesment committee thought.... I'd like to buy a cheap boat dear, only £30K! Needs a few extras, but the credit card will cover those.:)
 
Wow, thats quite some advert, I love some of the phraseology:-

has been professionally maintained by Sunsail Yacht Charters from her delivery from the factory until now.

Mmm - professionally destroyed more like

Would recommend owners start with new electronics and benefit from the warranty of new equipment installed moving forward

Yup, warranty period would be my main worry too ;)

Safety equipment is the responsibility of the new owner and will need to be re-serviced accordingly.

re-serviced or replaced in full?

Now, what else can we strip, oh yes, the name....

•BOAT NAME: NEW OWNERS TO DECIDE

Full marks to the broker for inventiveness - that's got to be worth a few bob - which the boat isn't.
 
tel1 said:
Now i know why ex charter boats have a bad name!
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wrong: now you knwo why SunSail ex charte boats have a bad name

Tigger was a charter boat, and still is, and she is a beauty and ingreat condition. And, no, I am not intending to sell her: she is earning her living very well, ta.
 
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