Super bargain on a 1995 70ft Canados, what is the catch ?

SL 70

In the same vein than BartW's Canados, I couldn't believe that this San Lorenzo 70 with rougly same age (http://www.yachtworld.fr/bateaux/1990/San-Lorenzo-SL-70-2689861/Italy#.Uvs5TJMtJ6Q) was offered for €130k. At first sight, there must be some reasons like a wooden hull or obsolete Detroits. But she seems actually to be all fiberglass and is powered with CATs 3414... More pics here: http://www.yachtdiffusion.com/SchedaBarca.aspx?lingua=it-IT&pk=65

So is this for real or is it just a typo?

@Oddvar, would this be something for you?
 
Big 24 Year old boat with BIG running costs. Realistically getting too big for most Couples to look after and yet too old for those who can afford crew. Maybe useful as a live aboard in a cheaper Med Marina but most older boats (pre 2000) over 15m are struggling to find new owners...that is over 20m! Problem is she needs regular upkeep and that costs a lot of money. Most people who can afford to run a 20m+ want a newer version. There are some owners happy to talk on the risks but they are few and far between. I, for one, could be tempted, but would write off any purchase price and put 50% of such a cost into a separate running reserve fund. In reality I could get a nice and newer 13-16m fly-bridge for that with lower running costs and it would be more liquid and being smaller more practical. The real thing putting me off is what do I do when I no longer want it.....sink it? In regards to the SL70 above, the exterior is very dated compared to boats a few years newer so that will affect prices, but a lovely interior.
 
Those Sanlorenzo age very well, and I do not agree it looks dated. That boat and those similar to it are more suffering for the tax men running after everything that floats that exists in Italy, and the new tax which is coming in Greece.
Greece, Italy, and France have always been the major markets for these conservative modern looking Italian motor yachts.

In my book if that San Lorenzo has good engines and electronics it is a give away. She has also some modification; stern and radar arch which from the photos look ok and give it a tad of a more modern look.

Anyways if the Italian situation gets better I can see some of these yachts starting to rise back up in price, they made a couple of decades when these yachts; Sanlorenzo, Canados, Falcon use to loose very little money over a decade time being it they where kept well. Will be interesting to see if this will be back if the situation gets better.

You also have to remember that if you buy a new Azimut-Princess-Sunseeker of the same size you are forking 2 million EUROS more, if you buy a Sanlorenzo SL72 it is over 3 million EUROS discount included.
Quality of construction as is that of the fittings is usually much inferior. I can tell you that with some of these Sanlorenzo I have been on they enough wood in the saloon to finish to whole standard more production boat of the same size.

The problem with these boats (and one older then ten plus years) is usually there up-keep and before one gives a serious visit and has some experience (boat owner for 10+ years with a hang on do-it yourself or a very trusted surveyor) you do not know what it is....
 
PowerYachtBlog said:
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Quality of construction as is that of the fittings is usually much inferior. I can tell you that with some of these Sanlorenzo I have been on they enough wood in the saloon to finish to whole standard more production boat of the same size.
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Agreed, having looked over a San Lorenzo recently myself I was very impressed with the quality of the finish and the engineering, a class above production boats even Ferretti. IMHO, the problem with something like the SL72 is that she is just a bit too big to be handled by a couple on their own (yes I know there are 2 forumites who won't agree but I'm talking generally) and down at this price level buyers are not going to have crew available. But could be a fantastic buy for somebody who doesn't mind doing a bit of ongoing maintenance and who regularly has more willing hands on board in the shape of friends or family
 
Hardmy said:
@Oddvar, would this be something for you?
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..hi, thanks, but I dont think so, I have looked at San Lorenzo earlier, the design is often timeless classic, it is a nice boat and SL have a reputation for good build quality, but this one has some mods inside that looks a bit amateurish...seems the gally has been removed for some reasons, and the wood work inside does not looks like it is original build...and what on earth has they put in the roof? :) If you look at similar boats, there is a lot nicer interiour...but of cause, this is reflected in the price I assume:)
 
OddvarH said:
..hi, thanks, but I dont think so, I have looked at San Lorenzo earlier, the design is often timeless classic, it is a nice boat and SL have a reputation for good build quality, but this one has some mods inside that looks a bit amateurish...seems the gally has been removed for some reasons, and the wood work inside does not looks like it is original build...and what on earth has they put in the roof? :) If you look at similar boats, there is a lot nicer interiour...but of cause, this is reflected in the price I assume:)
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If you looking at San Lorenzo 70 Oddvar, I suggest you look from 1994/95 onwards, when they started to do them with sloop sterns, and the Airleron stlye radar arch (this item I still love from that period San Lorenzo).
http://www.yachtworld.co.uk/boats/1995/San-Lorenzo-72-2251712/France#.Uvy7O_nnc6c

Some people and brokers call this model by mistake the 72, but that is wrong as the first 72 was launched in 1997.
You recognize a 70 from a newer 72 because the later has a wider beam, and also a step in the side decks to aft. The 72 is a better sea-boat to a 70.

The 70 is quite a wet ride and feeling under-powered with MAN 1100hp. With 1200hp MAN or Cat 1250 or 1350hp it rides ok. I heard the ride is much better with the bigger engines.
 
OddvarH said:
seems the gally has been removed for some reasons, and the wood work inside does not looks like it is original build...and what on earth has they put in the roof?
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Why? The pics are awful, but I find no evidence in them of what you are saying, aside from seeing what you mean for the ceiling.
Though I actually like them, on the face of the modern so called "minimalistic" square design, which became popular mostly because it's actually a cost saving design, for the builder... Besides, I would bet that they are original.
Anyway, leaving aside a) the somewhat higher value of new engines in the previous Canados, and b) the potential problems behind this SL which are not mentioned in the ads (*), fwiw I'd go for the SL70 rather than the C70 even at the same price.
If nothing else, to avoid the higher maintenance involved with the wooden superstructure of the C70.
In other words, if it's a big bargain boat you're after, imho this SL is even better than the previous Canados, and unless there's some hidden big problem with her, she will sell even faster.

(*): fwiw, the yachtword ad specifies that the boat "needs some maintenance works, because she has not been used in the last two years". But what that actually means, it's anybody's guess...
 
As a beginner in the boating world with no expectation of reaching this kind of level - all these large boats look awesome! (as do the price tags and no doubt running costs)

At this kind of money though it does prettymuch compare to a house, so with that in mind - can anyone give an insight into how much more it'd cost to use this as a non moving live aboard annually?

Purely out of curiosity, as i jokingly said to my mrs when i retire we should get a big boat in the med n live on it instead of a 1 bed house in some random housing estate... and at those kind of prices it seems almost on par?
 
symondo said:
As a beginner in the boating world with no expectation of reaching this kind of level - all these large boats look awesome! (as do the price tags and no doubt running costs)

At this kind of money though it does prettymuch compare to a house, so with that in mind - can anyone give an insight into how much more it'd cost to use this as a non moving live aboard annually?

Purely out of curiosity, as i jokingly said to my mrs when i retire we should get a big boat in the med n live on it instead of a 1 bed house in some random housing estate... and at those kind of prices it seems almost on par?
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A lot! Depends on how good you are at DIY. Even not using the engines much she needs a lot of maintenance. All the live aboard bits like shower pumps electrics etc all carry a boat premium. Then berthing is £10k-£50k a year depending on Marina + Electric and Water......not really a cheap option. For a cheap live aboard buy a sail boat.
 
I'd say if you do not use it much it be about 20k EUROS a year. Factor 30k EUROS every other year for lift out and new anti-fouling.

A friend of myn had a Sanlorenzo 72 and he use to spend about 50k a year, this included a full time crew, lift out every year and marina cost in NE Italy.
 
Nautorius said:
berthing is £10k-£50k a year depending on Marina + Electric and Water......not really a cheap option.
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Actually, it's not impossible to find berths for around 5 grand, all in. And in very nice spots too, albeit obviously not in the posh ones.
But in reply to symondo question, the problem with having a "non moving" boat for living aboard in the Med is that having a boat like those which are being debated, without being able to use her as God intended, would drive anyone mad.
Anyone who love the sea, anyway. And after all, if you don't, why think of living aboard at all.....? :)
 
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