Posts

During one of our recent shipyard visits comes one very interesting opportunity for the right investor.

131ft (40m) ALUMINUM SUPERYACHT UNDER CONSTRUCTION

This 40m Alloy was left before completion and we are offering for sale with a plan to finish and a preliminary budget done. The yacht is considered to be about 45-48% finished. Considering the value of the acquisition and the preliminary budget we have calculated to complete the project at the expected superyacht quality standard it is not an understatement to say a prospective client could get this finished for much less than a new built-in of this size and quality would actually cost.

Rodriquez Yacht 40m

Rodriquez Yacht 40m Rodriquez Yacht 40m Rodriquez Yacht 40m

Technical Specifications

  • –  Length, overall 40mt
  • –  Length, water line 36mt
  • –  Beam, overall 9mt
  • –  Draft, amidship 3.90mt
  • –  Draft at full load (underprops) 2.60mt
  • –  Full load 260 tons
  • –  Gross Tonnage 380 tons (approx.)Tanks
  • –  Fuel oil tanks 60.000Lt (approx)
  • –  Freshwater tanks 20.000 (approx)
  • –  Waste oil tank 500lt (approx)
  • –  Black/gray waters tank 5000lt (approx)
PLEASE REQUEST the Full 125-page technical specification via our contact form, LiveChat or by calling +44 7445 30 86 22

On request of a client we have preliminarily budgeted completion and pre-cleared a construction slot (and space) and logistics to move the vessel:
[Please only consider the following figures as preliminary a detailed survey and inventory has not yet been carried out and choices of the future owner might increase or decrease the overall budget for the completion of the vessel]
a) €1.7M – Acquisition of the vessel as is, where is
b) €80-100k Naval registry and transport to finishing shipyard
c) €400k – Documents and current suppliers handover to finish the systems that are left unfinished (Hydraulics, Electricals, etc..)
e) €6M – All-in vessel finishing including but not limited to registrations, labor, design, and engineering of the interiors and customization, marine testing, etc.. [A detailed  preliminary budget will be available upon request from qualified prospective buyers] 

Total budget €8.2M
Time Needed: 10-12 months + (1 month of buffer for eventual delays of suppliers and or transport authorizations)

Realistic Sale Price once finished as a new vessel €13.5-15M

An indication of Charter fee median rate: €90-€150k/week – The vessel has the potential for a cross-Atlantic fuel capacity so the charter season could be extended to over 20 weeks – Should you be interested in purchasing to charter it not just sporadically please take a look at our Yacht Charter Business Plan Template 

Upyacht.com

In the world of the sharing economy some companies have come out trying to shake up the yachting industry but in our view all of them have not really cracked the fundamentals that would really enable them to do so.

A lot of the companies we have seen that position themselves towards the Airbnb of boating have done a very good job in listing boats and trying to simplify the booking process for renting a boat. One of the few issues we have seen is that very few of them have truly understood that boating is not the process of renting an asset but rather that of delivering an experience.

In the the difference between renting out assets (boats/yachts) and delivering and experience lays the recent success of companies like The Yacht Week which in truth haven’t revolutionised the market but have identified a target and have made a great job at delivering to a specific 20-somthing target market that essentially requires a alcohol-loaded boating experience.

UPyacht has caught our attention because of its unique membership model which isn’t a share of ownership on a specific boat which would inevitably come with liability and maintenance costs, but simply credit to enjoy boating experiences or boat-time to do whatever one decides to do. Membership makes very much sense in this business because, let’s face it, going on a yacht by yourself isn’t much fun unless you are solo-sailor doing The Race. So here they come with a fresh new concept and from what we have seen a solid set-up.

We have looked into their founding membership offer (agreement and T&C) which seems to be a limited offer that does make a lot of sense to us: In brief a one-time fee of £15000 gives you access to £5000 per year for 3 years worth of yachting with vessels ranging from 30 to 75feet (9-21 meters), their charter rate are published and this level of membership gives you 20% off of their listed price (including the high season) giving customers the possibility to choose their itinerary, share it with other members and friends. All their Yacht are skippered and experiences are from what we see orientated to a wide variety of customers, ultimately it makes sense for a family or even a company to purchase this kind of memberships where the credit can be used for a family holidays on a sailing catamaran or a wakeboarding weekend for the youngsters.  

For more information go to Upyacht.com and let us have your comment if you book a holiday with them.