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REFIT AND UPGRADE MILLENNIUM DRAGON
The Dragon is essentially in a “sail away” condition and would be reliable for several years of near coast and Bahama cruising. The Dragon was hauled for maintenance and repairs at Gulf Marine Ways between March 29th and April 12th 2010. An marine insurance survey was performed prior to the yard starting any work. The replacement value was stated to be $775,000. No structural problems were found. The surveyor made minor recommendations that were completed prior to launch. At that time the bottom was painted, zincs replaced and all through hull fittings re-bedded. Minor engine maintenance including replacement of the saildrive propeller shaft seals was accomplished. Extensive gelcoat repairs of the nicks and bruises in the topsides the Dragon collected over the years were repaired. The Dragon is looking good.
If you are a qualified, serious buyer looking to purchase a fast cruising catamaran in the 44 to 50 foot range, Millennium Dragon may be the boat for you. Please contact Nick Dykert at Denison Marine (Nick Dykert <nick@denisonyachtsales.com>) and arrange to come to Punta Gorda to view the Dragon. If you like what you see, discuss the next steps with Nick. At some point you may consider putting down earnest money with an offer to purchase, contingent upon the results of a marine survey. A prospective buyer should, of course, have Millennium Dragon hauled at the yard of their choice and arrange for this inspection (marine survey). The haul out may cost several hundred dollars and marine surveyors charge between $550 and $700 for a 50 foot boat. The haul out and purchaser’s marine survey will be paid using nonrefundable “earnest money”.
Following the survey the buyer will pay the price in the original offer; re-negotiate the purchase price based on the survey findings; or, walk away from the down payment. If the buyer completes the purchase, the cost of the haul out and survey will be applied to the purchase price for the Dragon.
For off shore down island, transatlantic or transpacific voyaging or simply completing the restoration of Millennium Dragon to a “like new” condition, upgrades should be considered. A new mainsail, jib and screecher should be considered and new fully integrated electronics purchased and installed. Additional cosmetic improvements could be done at the new owner’s discretion. The following sections will provide reasonably accurate estimates of the cost for such a refit should a new owner consider them.
What will this cost?
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