UPDATE:
FINDINGS, WORK & FUTURE COSTS INVOLVED
- NO MAJOR STRUCTURAL DAMAGE FOUND. - (Please ask for details)
- Engines servicing & 1-4 brackets that need changing - $2000
- Water damage in one of the cabins to be repaired - $750
- Bottom & top sides painting - (Including paint) - $10,000
- Deck paint - $500
- Materials - $300
- Dinghy - $1200
- 2 Hatches - $200
- Autopilot - (New $2000 - Used $500) - There are some parts on the boat.
- VHF - $100
- GPS - $300 - $1000
- Wind Instruments - $150 - $300
- Tables - $500
- Rudders - (New $5000 - Repairing Own - $600)
- Mast + Rigging - (New $30000 - Used - TBD)
- Propeller - $300
- Stereo - $100
- Toilet Pumps - $100 - $200
- Fenders - (8*$45)
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.
LATEST UPDATE:
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.