What do you gents think this boat is worth, as in it's market value?https://yachthub.com/list/yachts-for-sale/used/sail-monohulls/cheoy-lee-35/207429
The teak decks have to go and all the associated work involved with fixing a deck that potentially has hundreds of little leaks in it. Then there is the probabile issues with black iron tanks, rusting iron shot in the keel and all the other issues with Asian boats back in the seventies.
I happen to love Bob Perry's designs, and Cheoy Lee did build solid yachts.
It's exactly what I want as a spacious bluewater live aboard yacht.
Andrew68 recommended this youtube channel a while ago, for inspiration:
Ashley, you are looking at fixeruppers.
In my experience, fixeruppers end up costing more than readytogoers and reduce your sailing time.
I bought my Lotus 9.2 as a readytogoer which it was for the trip from Lake Macquarie to Bundaberg. She did the trip well motoring 95% of the way.
Since getting her to Bundaberg I have spent countless hours taking out the rubbish from the previous owner and after three years of ownership I still have not had a good sail out of her. I am getting closer though. The clue is that I love the yacht for it's design and known capabilities.
It appears that is what you are persuing. You have a yacht already which can give you your sailing jollies, so if you can get the ultimate yacht delivered to your front or back yard for $10,000 or less, you would be doing well.
The key of course is being to be able to have the yacht close to home (it does not get better than your yard) at no cost.
Over the years I have spent over $30,000 on yacht storage. Avoid that.
cheapest solution is say you need sponsors for a journey to the Med and back and need some donations to pay for it
Select to expand quoteHG02 said..
cheapest solution is say you need sponsors for a journey to the Med and back and need some donations to pay for it
Oh Oh Oh me too!! me me too!!
Select to expand quoteYara said..
Is there a survey saying the deck teak is stuffed? Or did the broker tell you?
Neither. Looking at the photos I can see:
-Corking missing.
-A patch of teak missing around the port forward lower chainplate.
-A lot of the plugs are missing.
Combined with the following:
-It was built by Cheoy Lee in the late seventies/early eighties who were nicknamed 'Cheoy Leakies'.
-The decks appear to be original, thus they are over 35 years old.
As an out of state prospective purchaser, you'd have to assume the decks will need ripping up at some point, unless that particular boat had some sort of magic teak laid in a magical manner that immunes it from all the well documented problems associated with all teak decks, especially Asian teak decks.
In my opinion, there should be a special place in hell for people who lay teak over a moulded fiberglass deck, cockpit aside, but that's just me.
Select to expand quotecisco said..
Ashley, you are looking at fixeruppers.
In my experience, fixeruppers end up costing more than readytogoers and reduce your sailing time.
I bought my Lotus 9.2 as a readytogoer which it was for the trip from Lake Macquarie to Bundaberg. She did the trip well motoring 95% of the way.
Since getting her to Bundaberg I have spent countless hours taking out the rubbish from the previous owner and after three years of ownership I still have not had a good sail out of her. I am getting closer though. The clue is that I love the yacht for it's design and known capabilities.
It appears that is what you are persuing. You have a yacht already which can give you your sailing jollies, so if you can get the ultimate yacht delivered to your front or back yard for $10,000 or less, you would be doing well.
The key of course is being to be able to have the yacht close to home (it does not get better than your yard) at no cost.
Over the years I have spent over $30,000 on yacht storage. Avoid that.
Yes Cisco, although I'm still deciding on the extent of the fixer-upper.
The Brolga is no good for me, but that is one option, start from scratch, and for that the boat would need to almost be free. For that Brolga, a new engine, rigging, mast rebuild etc quickly adds up to the value of a decent ready to sail(RTS) Brolga which I've seen for $25-30k(asking). I think that yacht is for the boneyard unless someone absolutely has to have a Brolga, or they have access to a cheap engine and have a rigger best friend etc.
With the Cheoy Lee, it's had the big ticket jobs completed and is capable of being sailed now, and I could do a lot of the required work on the mooring if I worked in a surreptitious manner. Plus, I'm a boat builder by trade so my labour is free, but I can't do rigging and engines. Although, even that Cheoy Lee would need to be secured for under 30k given that your mate sold Starlight Express for under 30k if I remember correctly.I would like a solid, roomy yacht with a good pedigree that I can tailor to my liking and go around Australia one day, in the meantime I want a solid, roomy yacht that doesn't bounce around like a cork in the few nice Moreton Bay anchorages which are pretty exposed.
I can see why you like your Lotus 9.2, my dad has what is essentially the Mk2 version, the Lotus 950. It's roomy, sails beautifully and is as stiff as a board. It's a great boat. It's great at anchor as well, being so stiff. His last yacht, a Cav 32, used to roll around at anchor with only the slightest provocation, not the Lotus.
Strewth Ashley, you never said before that you are a boat builder by trade. That can mean different things though. Building what sort of boats?
Surely with your location at Redcliffe you will have made personal contact with "boty" and "Jode5"??? They are both very approachable guys and full of experience and knowledge which they seem happy to share.
Boty is at "Deagon Slipways" top end of Cabbagetree Creek and Jode5 lives on Newport Waterways where I passed up the opportunity in 1979 to buy a canal front block for $24,000.
I am a marine engineer and I can assure you it is not rocket science. Got a problem, post it or PM. If you need a skillled engineering hand, I do not need much of an incentive to come down to Brisbane if it includes dinner at the Brisbane Jazz Club.
The Brolga would be a good deal but much would depend on whats actually left inside and if the shaft is still in place. Second hand real marine diesel off eBay would suit. Not much money required but lots of hours of labour. As long as you don't have to pay anyone that would be a great boat.
Select to expand quoteAshleyM said..Yara said..
Is there a survey saying the deck teak is stuffed? Or did the broker tell you?
Neither. Looking at the photos I can see:
-Corking missing.
-A patch of teak missing around the port forward lower chainplate.
-A lot of the plugs are missing.
Combined with the following:
-It was built by Cheoy Lee in the late seventies/early eighties who were nicknamed 'Cheoy Leakies'.
-The decks appear to be original, thus they are over 35 years old.
As an out of state prospective purchaser, you'd have to assume the decks will need ripping up at some point, unless that particular boat had some sort of magic teak laid in a magical manner that immunes it from all the well documented problems associated with all teak decks, especially Asian teak decks.
In my opinion, there should be a special place in hell for people who lay teak over a moulded fiberglass deck, cockpit aside, but that's just me.
Wow, must make sure I look at ads on a large, Hi Res screen.
Many of us on here have not been up-market enough to be familiar with laid teak decks. If it is not too much trouble, some details of the typical mode of failure of teak on GRP would be interesting. Apart from typical wood age problems like warping and splitting, do you get rot at the GRP/wood interface? Is it leaking screw holes causing problems on the GRP laminate? Rot around the screw holes?
