Fabulous antique schooner, €250,000...how much more per year to own?

[Greenheart]

Lovely-looking 1912 wood schooner. About 80ft. Good condition; at least, she's licensed for lots of passengers, if only for day charter. Seems like an amazing bargain...

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...and here's the interior, just as lovely...

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...she sounds like value at a quarter-million euros. But how much more does a responsible potential buyer need to have on the side, for her berthing and upkeep?

I suppose having non-standard timber spars and sails custom-made, plus repairs to her hull, must be chequebook-wilting.

Here's the page (lots more photos)... http://www.apolloduck.eu/feature.phtml?id=324582

 

[PhillM]

I'd guess at about 10% - 15% of her value for annual upkeep + berthing.

If you run it as a business you would also need to add working capital to fund the general overheads until income covered costs then + a bit for backup.

 

[photodog]

I'd guess at about 10% - 15% of her value for annual upkeep + berthing.

If you run it as a business you would also need to add working capital to fund the general overheads until income covered costs then + a bit for backup.

Good luck with that.

If the op has to ask, he can't afford it. Wooden boats eat money.

 

[Greenheart]

...he can't afford it. Wooden boats eat money.

I couldn't afford her tender. But I was thinking of the extent to which old wooden boats are made inexpensive to buy, by their inevitable high running/maintenance costs.

 

[Wansworth]

Back in the late 1960 there where tens of Baltic Traders for sale directly out of trade,all looked like proper ships and at reasonable prices.I think the government stopped these boats from being sold abroad but whilst it lastwe I dreamt of buying one.......

 

[BlueSkyNick]

I'd guess at about 10% - 15% of her value for annual upkeep + berthing. .

And the rest ! 10% is a reasonable estimate for a modern GRP boat, depending on where she is moored.

 

[grumpy_o_g]

And the rest ! 10% is a reasonable estimate for a modern GRP boat, depending on where she is moored.

The 10-20% rule probably still works but you have to take her "new price". I reckon that she would be say €2,000,000 to have built today? So €250,000 a year sounds about right to me, probably more if you want to keep her superyacht style and throw money at it.

 

[TradewindSailor]

It rather depends how well she has been 'maintained'. Keeping the paint and varnish in good condition is a one or two day a month job ..... and improves your knowledge of any deterioration in the boat that can be put right before it becomes an issue. I don't think anyone owning a boat like this would expect to have much free time between charters ..... but she would be a sought after charter.

It's like any boat, let the maintenance go and you are in for expensive repairs ...... glass fibre, steel, aluminium, wood .... there's not much difference.

As for custom made sails ..... most are aren't they?

 

[Greenheart]

As for custom made sails ..... most are aren't they?

I suppose so. But I can't imagine sails cut from heavy, red-dyed cloth, to very particular quadrilateral dimensions unlike any other vessel's anywhere, will cost the same per square meter as for 'standard' BenJenBav designs. I may be quite wrong.

 

[Iliade]

Am I right in thinking that I would not be allowed to skipper her for private use even if I could afford to buy her? Isn't there a 20 something metre limit?]

Edit: on reading the spec I see she is 19.5m LOD, which I guess is the important measurement. Nonetheless, my question still stands, would one need a masters ticket for private use of something over 20 whatever metres?

 

[capnsensible]

Friends of ours have a Baltic Trader. Pax Nostrum. They have lived on board for more than 20 years.

The boat is rather more workmanlike than the example in this thread!

As a venue for a Trafalgar Night dinner in Gibraltar, remarkable.....