Fort Lauderdale-based Neff Yacht Sales has been appointed central agent for the 54.5m Amels build Faribana V, which is currently based in Greece. The 1998 custom-build underwent a €250,000 price reduction as the central agency changed hands and is now on the market for €17 million.

Faribana V is built with a steel hull and an aluminium superstructure and features the interior and exterior design work of world-renowned Andrew Winch Designs, now Winch Design, that has one of the most prestigious design portfolios in the industry, with 43 interior projects to its name, and 14 exterior projects, of which 13 also included the interior work.

M/Y Faribana V

Faribana V is able to accommodate 14 guests over a seven stateroom layout, comprising a full beam master suite on the main deck, a VIP suite, three double staterooms and two twin guest staterooms.

She has been very well maintained and was fully repainted in April 2012. Amongst the work included was a sandblast of the underwater areas and new anti-fouling applied, whilst all on board systems were upgraded and serviced.  

Faribana V was originally listed for sale at $37.5 million (equivalent to €28,565,625 at the time of listing), so at €17 million, she has seen a significant reduction in price. The average selling prices for superyachts between 52.5m and 57.5m on the re-sale market were €24.9 million in 2015 and €26.2 million in 2014. The Amels/Winch Design collaboration is a very strong foundation for design, so with a price tag of under €20 million, she represents significant value to the market.  

Images courtesy of Neff Yacht Sales

 

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