Trade-A-Boat — February 2018

(WallPaper) #1

T


he allure of
classic yachts
is their history
and detailed
workmanship. So
it is with Heartsease, a 15.4m
cutter rig yacht launched in


  1. Built in New Zealand
    of triple-planked Kauri by
    Charles Bailey Jnr, she has a
    rich history of cruising and
    racing.
    Heartsease has been with
    her owners for the past 45
    years and is permanently
    berthed at the Royal Motor
    Yacht Club marina, Newport,
    NSW. She underwent a major
    refit in 2016 in preparation
    for a trip to Hobart for the
    2017 Wooden Boat Festival to
    celebrate her 120th birthday.
    This extensive refit included
    new rigging, new engine
    and came to more than
    $200,000.
    “This will ensure her
    life for another 100 years
    or more,” said joint owner
    Peter Repaja. Along with
    Alex Gilmour, they have


owned Heartsease since 1974
and sailed her throughout
the eastern Pacific and
Australia's eastern seaboard.

CLASSIC
SYNDICATION
Due to the two owners
now being “nearly as old
as the yacht”, they are
looking at options for the
future to keep this classic
boat in pristine condition,
while still enjoying sailing
her. Hence, a syndication is
being considered with up
to eight shares as a way of
complementing the owners'
who will keep three shares.
“Ideally, we want people
who are sympathetic to
owning a classic yacht
and enjoy sailing in classic
regattas and wooden boat
festivals,” said Peter.
Heartsease has been
recently surveyed and
valued for insurance
purposes at $450,000.
The owners enjoyed a
challenging voyage on

FOR
SYNDICATION

ABOVE A deep cockpit and sprayhood ensures Heartsease can
enjoy offshore conditions, as she found when crossing Bass Strait
in 2017. (Photo: Peter Repaja). TOP RIGHT Heartsease with
owner Peter Repaja helming during the 2014 Pittwater Classic
Regatta Day. (Photo: Pittwater Classic Regatta Day).


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