Originally Posted by Hampus
came to an abrupt halt today when I called up the owner. I asked if he was the owner of the boat and he said: "No! It's not for sale
anyway!!!" And slammed the phone
in my ear. I guess I must have hit a sensitive spot there
I have not given up just yet though. The boat now stands on property belonging to the construction company and I'm keeping my eyes on it to see wether the owner accepts his responsibility or if there will be a forced sale
. If I get a chance to see the boat from the inside I'll update you. Meanwhile, I'll go back to installing those new watertanks in my own boat
I took on such a project in 1990.
I purchased a 1980 Passport 45 ketch
that had fallen over in the boat yard. The bulkheads on the SB side were blown out, there was a hole in the hull (from falling on the big steel
boarding ladder wheels), the engine had sea water
in it from the exhaust
water separator being higher than the engine while laying on her side. The deck was delaminated as well.
The yard's estimate to repair the vessel was over $130,000. The insurance
paid off the owner as a total loss and I purchased the salvage
from the owner.
I repaired the hole in the hull over a weekend and had them put the boat back in the water. I towed the boat to my mooring
and started taking out the SB interior
and cabin sole
to install new bulkheads, re-glass the hull from the inside for extra reinforcement and complete all the repairs
to prepare for a circumnavigation
3 years and $56,000 later, the boat was finished and ready to go. That amount included all new electronics
, fuel tanks
, waste holding tanks
, cabin sole
, new 2 cyl aux diesel
, new fridge/freezer, repairing masts, new chain-plates, rigging
, repairing the engine etc. and about 2000 hours labor.
It was worth it to me....I ended up with exactly the cruising yacht that I
do the same thing on a 35' boat....no way.
I think that your valuation of $105K on that vessel may be a bit high.A mid 80's, 35' boat would have to be in pristine condition, with a lot of new gear
to fetch a price
If you are serious about obtaining that vessel, I'd contact the property owner and tell him that you will be responsible for removing the vessel if he will obtain the title by getting a lien on the vessel.
You should be able to get it for free. In fact, the property owner may be willing to pay you to have the boat removed. It must be costing him a fortune to sit there and if he has to dispose of it, it will cost him 2 fortunes.