The 48m motoryacht, Kanaloa, has had a change of central agency and is now for sale with Alex Koersvelt of Edmiston for the same, modest asking price as previously: €6.5 million. She was built with a steel hull and an aluminium superstructure at Ferretti Group’s CRN shipyard in Ancona, Italy, in 1996.
Most motoryachts in this size segment are refined to stay below 500gt; to be precise, the average for 45–50m motoryachts is 489gt – but Kanaloa’s gross tonnage of 543 gross tons offers fractionally more interior volume for the owner to enjoy. As such, she is able to accommodate 11 guests over six lavishly designed staterooms, comprising a full-beam main deck master stateroom with a private office and his and hers bathrooms, a full-beam VIP on the lower deck (which can be split to offer a private salon), three double staterooms (one on the main deck and two on the lower deck) and a single stateroom on the upper deck.
Kanaloa recently underwent an 18-month, multi-million-euro refit at Compositeworks in La Ciotat, which was completed in the summer of 2015. Included in the work was: an extensive structural restoration; an engine and gearbox overhaul; a repaint; teak deck refurbishment and repair work; and interior improvements, such as new carpets and restored woodwork. She is now back in full operation, classed, flagged, certified and commercially compliant.
Could this be one of the best deals currently on the re-sale market?
She is said to have an excellent charter record; she has a trans-Atlantic range of 4,700 nautical miles at 12 knots, powered by two recently overhauled engines; she has a sun deck measuring almost 20m with a Jacuzzi and wraparound seating area; an LOA of 48m and an above average gross tonnage; flexible accommodation arrangements, inclusive of two full-beam staterooms; and she is fresh from a multi-million euro refit.
When her asking price is only €6.5 million, as it is – other pre-2000-built motoryachts that have come onto the market since the onset of 2015 have been listed for sale with an average asking price of €10.1 million – it is hard to dispute her excellent value.
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