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Old 24-09-2010, 13:53   #1
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Thoughts on this Boat

Hi all

We are in the market for a 34-39 ft mono for a bit of coastal cruising with wife & 2 children (10 & 7)

Any thoughts on this one

CHEOY LEE CUSTOM boat details - BoatPoint Australia

Thanks

James
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Old 24-09-2010, 13:56   #2
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I was about to say that 120K seems kind of high, but that's what ~60K USD? That's pretty good. Have it surveyed for sure. Teak decks and all that brightwork is a lot a lot of constant work but it's enjoyable if you're into it. It's got a yanmar which is good news too. Looks great, have fun!
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Old 24-09-2010, 14:07   #3
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Quote:
Originally Posted by rebel heart View Post
I was about to say that 120K seems kind of high, but that's what ~60K USD? !

$120,000AUD = $115,000USD

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Old 24-09-2010, 14:13   #4
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Thanks for the replies. Yes I agree at $115kUS it is a bit high.

I am after a bit of work and the yammer certainly beats others.

I will have a look.

The 2007 survey suggests teak decks could be at the end of there life and a few thru hulls need replacing so I would like to know if that has been done or not?

Thanks again and keep them coming, good or bad.
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Old 24-09-2010, 14:23   #5
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Yeah that's way too high for that boat unless the keel is made of gold. I'd expect it in the 60-70 usd range, tops. The thru-hulls will set you back a grand if you replace every single one of them; no big thing. The decks are a completely different story. You want to see how thick they are if you can.

A bunch of previous owners who mercilessly sanded the decks down not knowing what they were doing will cause you a bit problem. You want a nice half inch or so of thickness. If it's teak on fiberglass you can always just pull them entirely. If it's teak over plywood (as mine are), the teak decks are what keep the water out; they're not merely cosmetic non stick.
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Old 24-09-2010, 14:49   #6
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It is a GRP deck but even then it is a huge job to change! Hours of fun!
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Old 24-09-2010, 15:46   #7
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Looks like some water intrusion around the windows too.
Apart from the teak on the deck, if the GRP is sandwich construction there could be core rot, so check for sponginess/soft areas. It's not terminal, but it is a big job to fix.
Generally, some Taiwanese built boats of that era had black iron tanks that should have been replaced by now.
It's a good looking boat and if all the fix up stuff has been done, make a low offer, subject to survey, and see what happens. Then get a surveyor (not one recomended by the broker) that knows boats of this era to check it out.
You could end up with a damn nice boat.
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Old 24-09-2010, 16:12   #8
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she is beautiful. fix the leakage and sail ... have fun... i would do her...LOL
yes, she is high in price-- goood luck....
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Old 24-09-2010, 17:05   #9
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I have seen some trouble with Cheoy Lee boats - deck area leaks x 2. (Teak decks both times.

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Old 24-09-2010, 17:30   #10
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Yep, waaaaaay to high for that sized cheoy lee!!! You can have a far bigger cheoy lee for far less and have the fun of sailing it back.. I've noticed that the brokers in OZ and NZ are absolutely delusional in pricing.. And this is just another perfect example of that..
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Old 24-09-2010, 19:03   #11
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Thanks for the thoughts. I will have a look and see. I will let you know
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Old 27-09-2010, 01:50   #12
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Well, had a look today.

Interesting, obviously a great boat ............... Once.

Needs more TLC!!! Than I would be prepared to give.

Thanks for the advice.
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