* HURRICANE DAMAGED BUT REPAIRABLE *
** DETAILS ON WORK REQUIRED & COST IN THE EXTRA DETAILS **
This is an opportunity for the right person to become the owner of a 4 cabin 4 heads Lagoon 410 S2 of 2006 for a fraction of the normal price.
'Altitude Adjustment' is a salvage vessel being sold as a project but 100% of the fiberglass below her waterline is now completed & many others repairs are already done & ongoing. When restored these superb catamarans are worth in excess of USD $180,000+, so a project like this for the right person will enable them to own her with a significant discount.
Repairs have already been started but the owners now require a quick but fair sale. She requires some further structural work, a replacement mast, rudders and certain other things that can all be obtained locally due to the number of similar yachts in the area that were damaged beyond repair by Hurricane Irma. In particular we are aware of a mast available in the area that could be obtained and used, again making a huge saving on a new replacement - Please contact us for advice.
Both engines are sound but the some engine brackets do need changing and but have only 1700 hours use. This particular boat was fortunate to been in dry dock at the time of Hurricane Irma and so has not been submerged making her one of a small number that is capable of repair without serious complications.
The interior is mostly undamaged with new custom cushions in the saloon and cockpit. She does however need a deep clean and cosmetic work and as can be seen from the photos there is damage to the saloon windows. (PLEASE SEE PHOTOS).
We now welcome all serious inquiries and viewing requests with interest.
The following equipment is included in the sale and is undamaged:
Below is a list of items known to be required and installed:
'Altitude Adjustment' is still located out of the water, in dry storage and can be repaired where she is at Virgin Gorda Yacht Harbour. The crane lift to return the boat to the water is already paid.
Storage rates in situ for catamaran of this size are US$1230/Month.
FINDINGS, WORK & FUTURE COSTS INVOLVED
There will of course be more small expenses but even the expensive way of completing her, with a new mast etc... her local owner has predicted these total costs will be no more than $66,000 USD +/- for you.
Her end value is predicted to be $180,000+ USD when completed properly by her new owner/s.
This leaves $24,000+ USD margin for you, once she is completed with brand new equipment and valued at her lowest valuation of $180,000+ for you.
The GRP work on the hull and below the waterline is now completed and new photos showing the progress have been added to this listing. Further photos showing the finished work (after fairing etc. and preparation for painting) in these areas will follow soon. This work will enable the boat to be floated and moved to a new location if required by the new owner.
1) Can you tell me if any mould damage has been discovered (or is suspected)? Is the interior of the boat protected against the elements (ie: plastic over windows, etc....)?
No, Please see the new pictures of the cabins attached for you.
2) Is the current owner continuing to do repairs while the boat is on the market?
Yes, but all the major fiberglass work left on the deck is planned to be commissioned & funded by her new owner either with the current owner completing the work or with another contractor of the purchasers choosing.
3) Is the current storage yard set up for repair work? (is there access to fresh water and electricity)? And is the storage area secured?
Yes & Yes and this where all the work has been and she is fine to stay there until all the work is done.
4) Lastly, is the owner a BVI resident or an expat?
He has an expat who bought the yacht 5 months ago after she was damaged in the Hurricanes and has completed the work ever since before putting her on the market with us.
5) Has there been a used mast, boom & rigging been sourced yet and if so at what price?
There has now been a Lagoon 400 2nd hand mast, boom & rigging found for her with a price $12,000 but we are obviously not sure how long this will stay available for you, given this is on a first come first served basis.
6) Do you still have eneogh replacement windows & spare parts to finish her?
Yes, Plenty. - A used propeller has just been sourced for $40 for example.
7) How many sails does she have and what age are they?
She has a geneo and mainsail which are the original and in good condition given these were all in their bags during the hurricane.
8) Given there is none of the old mast, boom and rigging available. What dimensions does the new or used mast, boom & rigging need to be?
Lagoon will know these dimensions and so we can source a new or used one for you accordingly but we believe the used mast & rigging from the Lagoon 400 that has been sourced is the same dimensions required for the Lagoon 410.
9) How long will it take to finish the fibre glass work on the deck and what will this cost?
The fiberglass work on the deck is minimal but a quote can achieved from the current owner or a new contractor at the new owners choosing.
10) What electronics are still working and what needs replacing and does she need need re-wiring?
We are advising all the electronic units are replaced due to the damage cause to the existing units. She doe not need re-wiring and providing your new units are similar to those originally fitted very few new cables should need installing for you.
11) Are there 2 broken but repairable rudders which come with her?
Yes - These can be seen in her photo's along with 1 rudder shaft. The other rudder shaft is still on-board and is very difficult to be photographed but is OK.
Please feel free to E-Mail us with your individual questions if we have not covered any of your questions in any of the above details for you.
Imperial International Yacht Brokers - Poole Office