Grand Banks 42 Trawler

Listing by Auction123.com copyright Auction123, Inc.Aqueous Yachts - 18487 SE Federal Hwy Tequesta, FL 33469 - phoneGrand Banks 42 Trawler Flying BridgePriced to Sell Fast!!!Click here for an XL view of the above ImagePrevNext1

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About

UNBELIEVABLE BANK REPO OPPORTUNITY!!!!

Obtain a ONCE-IN-A-LIFETIME DEAL on this Grand Banks 42 being auctioned to the highest bidder once the unbelievably low reserve is met!!

The owner was not able to keep up with his payments, so this Grand Banks was repossessed and it is now available for a FRACTION OF WHAT OTHER 42 Grand Banks have recently sold for!

THE GOOD: This Grand Banks 42 (hull number 724) has been sitting in FRESHWATER and boasts a very clean engine room. There are some great upgrades and features. There is a newer Westerbeke diesel generator with only 388 hours, new batteries, newer tanks, and host of other refreshed/ newer items in her engine room.

THE BAD: She is in need of cosmetic attention.

Being in the boat business, cosmetic needs are considered easy and inexpensive when compared to mechanical, structural, and operation needs. Generally, the cost difference in making a boat go cosmetically from a 6 to a 9 versus a 3 to a 9 is negligible. (The 6 still needs full buffing, upholstery, woodworking pretty much the same needs of a 3. Although the difference may be more dramatic.) Regardless of this statement, PLEASE UNDERSTAND THAT THIS GRAND BANKS NEEDS TO HAVE HER COSMETICS RENEWED/ REFRESHED/ REDONE. I cannot stress this enough If her cosmetics presented her in pristine condition, she would be selling for well over $150,000. Her current cosmetics will require a good bit of attention to bring her back to pristine. Her incredibly low reserve more than makes up for her needs.

The exterior needs to be fully detailed, including a compound and wax. (Florida rates are about $15-$20/ per foot to have it done.) The gelcoat/ paint should shine up nicely again. ALL of the exterior woodwork needs to be sanded then either oiled or varnished. It currently has varnish that is peeling away. Most areas look like they will sand out and look great again, but it will take time and effort to get it done. The decks all need to be sanded smooth. When I opened a hatch and could see the deck thickness, it appears to be plenty of meat left for sanding. The exterior cushions need renewing. There is a bridge enclosure stowed on the bridge The blue canvas portion looks good, however, the soft glass needs to be removed and new soft glass stitched in place.

I am tellingpeople to expect an unattractive boat in person. Everyone's definition of a "pretty" boat and an "ugly" boat differ. To some, she will look better in the photos than she will in person. To others (primarily those who are experienced with boats), this Grand Banks may be a pleasant surprise.

All of the soft goods in the interior need renewing. This includes all of the mattresses, bedding, sofas, and window treatments. The headliner should be taken down and either replaced or painted fresh with Sem vinyl paint. Most of the woodwork appears to be in relatively serviceable (if not good) condition, but there, inevitably, will need to be spots for touch-ups. There are also a variety of little Mickey Mouse type of items to be attended to and replaced, such as drawer pulls, sink faucets, and knobs.

I was told that this Grand Banks was owned by an older couple that had their primaryresidence in southwest Florida. I was also told that this Grand Banks has been moored inTennessee more than the past decade. I wastold that the couple did not take her on many trips over the past few years. I suggest that the next owner do an annual servicing of theengines and be sure to have extra fuel filters handy.

Back to the good: This one is equipped with twin Ford Lehman diesel engines that are quite clean in appearance. She started right up during my visit. I let them run in her slip for over 20 minutes and both ran smoothly. One of the agents that was associated with the banks contractor ran her and stated that she did well. He did note vibration on one side and suspected the prop or shaft bearing. The engine hour meters read 2988.

If this GB were at our marina, I figure that we would spend $11,000-$16,000 in refreshing her cosmetics, servicing her, and getting all of the little items set. That includes our contractors fees for upholstery, detailing, and woodworking. Someone doing the work on his or her own will likely be on the lower end of that spectrum, whereby somebody getting a marine contractor to do all the work will likely be at the upper end. As stated earlier, in our business, cosmetic refits are considered to be inexpensive in comparison to a major refit of mechanical and operational systems. The newer generator, alone, costs more to install new than we would likely be spending on the cosmetic renewals.

I performed a market search on Yachtworlds database of sold boats for 1978-1988 Grand Banks 42s that have sold since March 2015. There were 27 sales that appeared in the search. Of these, theaveragelisted price was $143,629 and theaveragesold price was $128,405. Many of those had notations after the sale price that the boats needed work and that the price was lowered to reflect the work needed. I will be happy to the pdf list for those that request it.

THE RESERVE FOR THIS GRAND BANKS IS A FRACTION OF WHAT THEAVERAGE42s SOLD FOR OVER THE PAST YEAR. IT IS SET WELL BELOW MARKET TO FACILITATE A QUICK SALE. IF SHE DOES NOT SELL IN A TIMELY MANNER, WE WILL MAKE ARRANGEMENTS TO HAVE HER BROUGHT TO FLORIDA AND REFURBISHED SO THAT SHE CAN BE SOLD AT A NORMAL MARKET/RETAIL SALE. ONCE THIS HAPPENS, THE PRICE WILL INCREASE DRAMATICALLY AND SHE WILL BE PRICED IN LINE WITH THE OTHER COMPARABLE CONDITIONED/ EQUIPPED 42 GBs. This is a rare opportunity to obtain a classic vessel at a bargain price. There is likely a significant amount of money to be made for those that are willing to embark. Again, we have priced this Grand Banks exceptionally low to sell it quickly on an AS-IS & WHERE-IS basis. Do keep in mind that once this Banks is sold, the chances of being able to find another at this deal will be nearly (if not completely) impossible.

Please only bid if you have the means and desire to complete the purchase. Please do not

Please understand that I have done my best to represent the vessel as I notice it to be. This vessel will need attention and it is not a brand new yacht. In addition to what was readily apparent to me, it will also have flaws consistent with a used vessel of her age, both known and unknown. The buyer should expect to perform routine maintenance (which even goes for a 2 year old vessel) with this type of vessel and repairs based upon a surveyors recommendation. Please also keep in mind that a surveyors job is to find all the deficiencies that he can on a vessel. Any survey will be for the buyers benefit and will not constitute a price reduction based on findings.

Neither I, Aqueous, the financial institution, nor any other agents express or imply any guarantees or warranties whatsoever about this vessel (or any vessel). The description and photos do not represent any guarantees about the condition of the vessel or accuracy of any information. WE ENCOURAGE ALL BIDDERS TO DO THEIR OWN INSPECTIONS / OBSERVATIONS PRIOR TO PURCHASING. Buyers are welcome to hire a professional to inspect or survey the vessel prior to the purchasing.

Since this vessel is being sold outside of Florida, we are only required to collect sales tax to Florida residents wishing to move this Grand Banks to the State of Florida.

The buyer will receive clear and marketable title to this vessel.

Please feel free to call Rob with Aqueous Yachts at phone to further discuss this opportunity.

Keep the saying in mind on this one: "The yacht that you found today and will consider tomorrow is the same one that the other guy found yesterday and is considering today".

Description ContactAqueous Yachts18487 SE Federal HwyTequesta, Florida 33469 Ask for: Rob Butler Direct: phoneEmail:Email SellerEmail SellerEmail to FriendComplete and submit the form below to send a message to our dedicated sales team.*First Name:*Last Name:*Email:*Phone: Ext. Preferred Method:PhoneEmailMessage:Complete and submit the form below to send a link and your message to a friend.First Name:Last Name:* Your email:* Friend's email:We won't use this information for promotional purposes or disclose it to a third party.Message:DirectionsTermsAqueous Yachts18487 SE Federal HwyTequesta, Florida 33469View DirectionsAsk For:Rob ButlerDirect:phone Email:Email Seller

1. Placing a Bid: Your bid constitutes a legally binding contract to purchase this vessel. Please do not bid if you're not seriously interested or financially able to purchase this vessel. Please read classifieds board's User Agreement
2. Aqueous Yachts reserves the right to,
   1. Obtain and verify the registered information of all users who bid on this auction.
   2. Cancel any and all bids at our discretion, or end the auction early if necessary.
3. Bidders Age: You must be 18 years of age or older to Bid.
4. Special classifieds board Bid Retraction Rules: Please read classifieds board's "Retracting a Bid"
   1. If you place a bid before the last 12-hour period of the auction:
      • You may retract that bid before that last 12-hour period but only for exceptional circumstances. You will not be allowed to retract that bid during the last 12-hour period of the auction.
   2. If you place a bid during the last 12-hour period of the auction:
      • You will be allowed to retract the bid for exceptional circumstances but only if you do so within one hour after placing the bid.
5. Funds & Financing:
   1. For help in arranging for a Pre-Approved loan or for any questions please e-mail or phone Rob atphone prior to bidding.
6. Buyers Inspection: Aqueous Yachts has done our best to disclose all information known about this vehicle for auction. Aqueous Yachts welcomes a buyers inspection. If you plan to have a buyers inspection, please make sure you inspect the vehicle prior to the auction ending. Inspection fees if any are Buyers responsibility.
7. Representations and Warranties made by seller: This vessel is being sold "as is". Manufacturers warranties may still apply. No representations or warranties are made by seller, nor are any representations or warranties relied upon by bidders in making bids.
8. Taxes and Registration fees: Out of state buyers are responsible for all state, county, city taxes and fees, as well as title service fees in the state that the vessel will be registered. All taxes and fees must be paid in full in order for vessel to be titled and registered.
9. Title Information: Vessel titles may be held by banks or lenders as collateral for loans. In many cases there is a delay in receiving the original instruments up to 21 days from the time we pay a vessel off. While we usually have all titles in our possession at closing, there are occasions where we may be waiting for them to arrive. If payment is made by cashier's or personal checks we will hold all vessel for 10 days or until funds have cleared.
10. Shipping & Delivery:
    1. All shipping charges are buyer's responsibility. Aqueous Yachts will help with shipping arrangements but will not be responsible in any way for claims arising from shipping damage!
    2. Licensed Carriers are generally insured for $3,000,000.00. We assume no responsibility for damages incurred to vessels. All shipping arrangements are provided by Aqueous Yachts as a courtesy. We are not affiliated with any carrier. Any claims or other communication regarding shipment of vessels will be between you and the shipper, not with Aqueous Yachts.
    3. The amount of time it takes for delivery is dependent on the carrier, but is generally 7-14 days from the date the vessel is picked up from our facility until it is delivered to your destination. Verify with the shipper for an Estimate Time of Arrival to be sure.
11. Finalizing your Purchase:
    1. Aqueous Yachts will contact the successful high bidder by e-mail after the auction closes.
    2. Successful high bidder MUST communicate with Rob at Aqueous Yachts by e-mail or phonephone within 24 hours of the auction ending to make arrangements to complete their transaction. If we cannot confirm your intention to buy or the sale is not completed within 5 days, we reserve the right to relist this vessel or sell to any other qualified buyer.
    3. In order to secure bid on vessel, Successful bidder (BUYER) must within 24 hours of bid closing send to Seller a Deposit in the amount of 10% by paypal, cash n person or bank certified funds. Within 72 hours of bid closing, Buyer must send balance of funds by bank wire transfer, cash in person, bank certified funds to Seller.
    4. At time of sending initial deposit, Buyer MUST fax copy of their State issued valid Driver License. Furthermore, before said vessel is released for shipment to Buyer, all other Sale related and title related paperwork must be signed and returned complete to Seller.

Auction123, Inc. (a service and listing/software company) and the Seller has done his/her best to disclose the

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