Quote:
Originally Posted by Hampus
The project 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  Thanks!
/Hampus
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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 wanted.....would
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 like that.
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.