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FS: 1965 Cheoy Lee Robb 35 in San Francisco, CA
What is this boat worth paying for???
The one I'm interested in is a Cheoy Lee Robb 35 built in 1964 Teak over Ipol with bronze and copper fastners. The engine is an Isuzu Pisce 3 40hp 3 cylinder (which was new in 1976 and has 910 hours). The boat can be view at: http://www.cheoyleeassociation.com/Sale/Tigre.htm I did an inspection this weekend and found the following: 1. Plywood rot (delamination) under deck above V-berth 2. Worse plywood damage around cockpit area. 3. There are a number of steel frames near toilet that had various degrees of rust. 4. Near the engine I found a number of what looked like cracked ribs. There seems to have been an attempt to sister these frame but the job does not look very good. 5. Also there is alot of rust on engine (maybe the deck over engine is leaking). 6. A few of the thru hulls seem extensively corroded. 7. Extensive rot of hatch (but not the hatch frame) over V-berth 8. Some rot (discoloration) of teak below hatch at base of V-berth and floor. 9. Teak deck seems to be heavily worn. A shipwright, who looked at it the other day claims that it will cost $60K to replace the deck in teak and $30K to replace deck in fibreglass. However: if you look at this boat is hard not to have a very favorable impression. Its a beautiful boat. And for the novice like myself it seems very well maintained. Of all the wooden boats that I've looked at in awhile, it seems to be in the best shape (maybe thats the nature of wooden boats). Yet still, I'm looking at having to put alot of money into her. A little history on the boat. I believe the boat has been on the market for almost 2 years. The original asking price was $35,000. In June, the price was reduced to $26,000. Just this month the price has been reduced to $22,000. The owner has left on a long cruise on his new boat and the sale of the boat is being now handled by a broker, although the owner can still be reached through email. Here is a link to the photos I took: http://f1.pg.photos.yahoo.com/ph/eha...tos.yahoo.com/ and http://f1.pg.photos.yahoo.com/ph/eha...CheoyLeeRobb35 After talking with a number of Cheoy Lee Robb 35 owners, one purchased his boat, which he claims was in similar condition for $5K. Another, purchased his for $16K (this boat had laid teak deck so didn't have the plywood delamination problem). However, a surveyor that I talked to claims the Blue Book value a 1964 Robb 35 is about $20K. For a boat in perfect condition I hear the max one could sell it for is $40K. What do people at this forum think? ---------------------------------------------------------------------- rec.boats.marketplace is a moderated newsgroup. See rules and legal disclaimer at http://www.algebra.com/rbm |