The 52.8m motoryacht Passion, jointly listed for sale with Burgess and Northrop & Johnson, has had a $6 million reduction in price. She is currently based in Naples, Italy, and has a new asking price of $13.5 million.
Passion was delivered by Swedish shipyard Swedeship in 1986. She was listed for sale with Burgess and Northrop & Johnson in September 2012 for $19.5 million. “Despite being on the market for a while, the owner’s circumstances have only changed recently, so the pricing alteration is merely a reflection of the change in their ability to use the yacht normally”, illustrated Rick Morales of Burgess.
Passion is a full-displacement build constructed with a steel hull and an aluminium superstructure. Her 710GT interior is 69.9GT higher than the average 50–55m motoryacht currently on the water. This capacious interior has not been to the compromise of the exterior living spaces, which were apportioned by Diana Yacht Design – the owner has the luxury of a large sun deck with a Jacuzzi, surrounding sun pads, sun loungers and other hosting arrangements.
Dvorine Associates designed the new interior, which was fabricated and fitted by Dutch firm De Ruiter in 2003. She is able to accommodate 12 guests over a six-cabin layout.
“Despite the vessel being delivered in 1986, she was completely gutted in 2003 at Astilleros de Mallorca, leaving only the hull and superstructure and shafts and propellers. After an entire rebuild, she had additional refit work in 2008 that saw her repowered with new engines, stabilisers and generators”, Morales continued. “The structural changes made in 2003 were all completed with charter in mind. She has done exceptionally well on the charter market, which, for a savvy buyer, is valuable information.”
Despite the owner using her during peak periods, such as Christmas and New Year, her charter record averages 12 weeks per year, which goes a long way to offsetting running costs.
Morales also commented on the incredibly diligent maintenance programme instigated by the owner; she has refit work twice annually, purposed to continually upgrade different areas on board.