We won't comment on the Admiral in particular as all of our 'knowledge' there was heresay. If, however, you're open to other vessels we are happy to share some quick thoughts after just completing a long (~5yrs) and very successful purchase
Take your time in your search. You may be amazed how your priorities will move as you learn more and more about what's available.
Sail as many potentially-suitable vessels as possible. There are lots of charter
cats ~38' size. Vendors will also be eager to offer test sails
; take advantage of those offers and in that process you will both learn from other buyers and more about what you like.
Where are you located? Currency movements (yours vis-a-vis your vessel source) can be a very relevant factor in purchasing
a vessel, at least in terms of assessing relative value.
Also very relevant is the new vs second-hand question. If you are prepared to look second-hand, there are some real bargains out there. A good surveyor
-- A supplementary appraisal by a professional delivery skipper
is also a good idea -- should identify potential problems...and second-hand vessels often include a range of valuable owner-added options.
A pool -- Pardon the pun!
-- of other owners of the same vessel can also be a real asset looking ahead.
Good luck in your search!