Trade-A-Boat — February 2018

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

1897. 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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