The basics of this boat being from 1964, at 35 ft length and a 24 ft
water line leaves it potentially not such a great buy and clearly not a serious performer.
The biggest problem with Choy Lee's are the variations in quality especially the
equipment /
hardware. It could be anything from maybe not too bad to hideous. The latter is more likely. Electrically anything from 1964 not 100% rewired should be. It may require removing a lot of the
interior to run all the new wires and secure them in place.
Plumbing should be included as well as
inspection of all tankage. Not that you could not do this but if the goal is to be sailing then maybe this isn't what you want. This boat needs a very careful
survey.
The large amount of
wood may present you with many problems. At least living where you do the UV isn't as big a problem. A total refinish on this much
wood is about a month long job (every day all day). You'll being doing it if not now then later and repeating it every 6 years or so.
You may do better with a newer boat for the same
money. That is perhaps the most compelling argument against it. It appears a lot has been done already to it but there could still be a lot more left. On the surface it looks good and has some nice refitting for the
engine, but the pictures are small resolution and not many showing the
deck, just the nice wood below.
Unless you have experience I really think a 1964 boat is not something you'll do well with compared to the alternatives. Some people love the old boats just to have them and day sail on them. I can appreciate the beauty and the desire to do such things. There are a lot of reasons for
buying any boat so making your goals line up with the boat is the key to enjoyment.
You could get a boat 20 years newer for the same money and avoid some of the really expensive upgrades. Just to throw out one number. Assume all the winches are shot (you will find no spare
parts any place for these). You could be looking at $6,000 just in the
hardware not to mention the process of installing them. That is just one minor item. The water and
fuel tanks might be a mess as well. Pulling those and replacing them is a big job.
The
electrical seems suspect given there is little to no
electrical equipment aboard yet it carries two group 8
batteries. Something seems very odd.