My dream to own a classic motor yacht
Discussion
I'm not entirely new to boats but certainly a novice when it comes to yachts and especially classic ones. My dream one day is to split my time between the UK and French/ Italian Riviera. Instead of a house abroad I'm more excited about a well appointed classic motor yacht. I've seen a beautiful one thats immaculate and recently restored and is currently in San Remo, Italy. Its 60ft, metal hull and 1960. I have no idea how much it costs to keep a boat like this to a high standard and to moor it in a place like San Remo or indeed the cost to move it around. What sort of costs are realistic? and are they likely to maintain their value?
Thank you Huntsman and interesting point on its size.
Its this one.
http://www.sandemanyachtcompany.co.uk/yacht/389/fe...
Its this one.
http://www.sandemanyachtcompany.co.uk/yacht/389/fe...
Jonny TVR said:
I'm not entirely new to boats but certainly a novice when it comes to yachts and especially classic ones. My dream one day is to split my time between the UK and French/ Italian Riviera. Instead of a house abroad I'm more excited about a well appointed classic motor yacht. I've seen a beautiful one thats immaculate and recently restored and is currently in San Remo, Italy. Its 60ft, metal hull and 1960. I have no idea how much it costs to keep a boat like this to a high standard and to moor it in a place like San Remo or indeed the cost to move it around. What sort of costs are realistic? and are they likely to maintain their value?
You could ask Dicky Greenleaf, had he not met an untimely end.But it's a super looking thing; I hope you can afford to do it.
Beautiful yacht.
https://www.feadshipheritagefleet.nl/fleet/tiky
Nice article about the restoration process:
https://www.mby.com/maintenance/refurbishing-class...
https://www.feadshipheritagefleet.nl/fleet/tiky
Nice article about the restoration process:
https://www.mby.com/maintenance/refurbishing-class...
Edited by DeltonaS on Wednesday 20th May 19:26
feef said:
If it's a permanent berth you're looking for in those areas, you'll want to budget £30k or more for the berth before fees.
What are the fees?So just to keep a boat like that in San Remo, cost of ownership and berth is £80k ish plus fees? And that is before you've been anywhere.
Lovely though that boat be, it is pretty modest when compared to a lot of stuff you see moored up in Italy.
I obviously took the wrong options at school or was careless enough to be born to poor parents. I will try harder next time.
That's lovely.
A guy I used to wield the spanners for back in our ralllying days in the late 80's/early 90's owns something similar to that, and he bases it in Croatia for the winter months where he owns a small flat, and then spends every spring, summer and autumn meandering around the Adriatic, Ionian and Aegean in it. He's been doing that for past 10-15 years now.
A guy I used to wield the spanners for back in our ralllying days in the late 80's/early 90's owns something similar to that, and he bases it in Croatia for the winter months where he owns a small flat, and then spends every spring, summer and autumn meandering around the Adriatic, Ionian and Aegean in it. He's been doing that for past 10-15 years now.
aeropilot said:
That's lovely.
A guy I used to wield the spanners for back in our ralllying days in the late 80's/early 90's owns something similar to that, and he bases it in Croatia for the winter months where he owns a small flat, and then spends every spring, summer and autumn meandering around the Adriatic, Ionian and Aegean in it. He's been doing that for past 10-15 years now.
What a life .. does he work still? A guy I used to wield the spanners for back in our ralllying days in the late 80's/early 90's owns something similar to that, and he bases it in Croatia for the winter months where he owns a small flat, and then spends every spring, summer and autumn meandering around the Adriatic, Ionian and Aegean in it. He's been doing that for past 10-15 years now.
So said:
feef said:
If it's a permanent berth you're looking for in those areas, you'll want to budget £30k or more for the berth before fees.
What are the fees?So just to keep a boat like that in San Remo, cost of ownership and berth is £80k ish plus fees? And that is before you've been anywhere.
Lovely though that boat be, it is pretty modest when compared to a lot of stuff you see moored up in Italy.
I obviously took the wrong options at school or was careless enough to be born to poor parents. I will try harder next time.
Jonny TVR said:
aeropilot said:
That's lovely.
A guy I used to wield the spanners for back in our ralllying days in the late 80's/early 90's owns something similar to that, and he bases it in Croatia for the winter months where he owns a small flat, and then spends every spring, summer and autumn meandering around the Adriatic, Ionian and Aegean in it. He's been doing that for past 10-15 years now.
What a life .. does he work still? A guy I used to wield the spanners for back in our ralllying days in the late 80's/early 90's owns something similar to that, and he bases it in Croatia for the winter months where he owns a small flat, and then spends every spring, summer and autumn meandering around the Adriatic, Ionian and Aegean in it. He's been doing that for past 10-15 years now.
He retired about 17 years ago. Had his own business in scientific instruments, and had spent most of that time dealing with Eastern Europe industry before the fall of the iron curtain. When that fell apart, he was in right place, right time with right contacts to strike a few mega deals in the confusion of the whole process, especially as his by then 2nd wife was Hungarian. He still keeps his hand in dabbling in a few deals and what not in the winter months. He's in his early 70's now, but you wouldn't think it looking at him, looks and behaves more like someone 20 years younger........which includes the stunning 30-something Serbian mistress......who also has a PhD in Chemistry.
I think you could say he's been enjoying life
Berths are leased , the value like a property lease depends on the time left .
A 18/20 M berth in the Cote d Azur attracts €20|25 K pa rent .
Prices vary to buy , as rule of thumb a factor of time left + a small premium .
So a 10 y lease would be circa €300\400 K .You get security of tenure as there’s high demand and they don’t build marinas any more .
On top of that service charge is €5\6 K Pa paid 1/4 ly .
Problem with steel it rusts and your insurance Co may want extensive ( read expense) Surveys .
Wood rots ....not from the sea from rain water running in leaks .
Avoid both go for GRP .
We have a 15 m berth near Cannes , but currently rent it out for €17 K pa .
As we have relocated to the Ligurian coast to get away from the French , there attitudes and enjoy the Italian Dolci vita lifestyle .
Started in 2005 , been everywhere, Corsica , Elba etc .
You need Aircon and few other little nuances for extended life aboard.We spend 16 weeks on and off from May to October.
Problem with sail boats it’s takes inho just too long to get anywhere and in the summer there’s often light winds ....so they all motor anyhow .+ very little relaxation space above deck to enjoy comfortably the sun sea + something else beginning in S .
A 18/20 M berth in the Cote d Azur attracts €20|25 K pa rent .
Prices vary to buy , as rule of thumb a factor of time left + a small premium .
So a 10 y lease would be circa €300\400 K .You get security of tenure as there’s high demand and they don’t build marinas any more .
On top of that service charge is €5\6 K Pa paid 1/4 ly .
Problem with steel it rusts and your insurance Co may want extensive ( read expense) Surveys .
Wood rots ....not from the sea from rain water running in leaks .
Avoid both go for GRP .
We have a 15 m berth near Cannes , but currently rent it out for €17 K pa .
As we have relocated to the Ligurian coast to get away from the French , there attitudes and enjoy the Italian Dolci vita lifestyle .
Started in 2005 , been everywhere, Corsica , Elba etc .
You need Aircon and few other little nuances for extended life aboard.We spend 16 weeks on and off from May to October.
Problem with sail boats it’s takes inho just too long to get anywhere and in the summer there’s often light winds ....so they all motor anyhow .+ very little relaxation space above deck to enjoy comfortably the sun sea + something else beginning in S .
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