Massive price reduction on superyacht Penguin at Northrop and Johnson

25 November 2010 • Written by Malcolm MacLean

News just in from Andrew Cosgreave at Northrop and Johnson in Fort Lauderdale that his central listing, the 55.1m motor yacht conversion project Penguin, has nearly halved in price.

Penguin offers the perfect project for a client wanting to start their adventures as soon as possible. Conversion started at Peters Scheepswerf and was halted when the owner bought a larger yacht to start his travels, but can still be completed in 14 months.

Thus, he has moved on and this project can be bought for a fraction of his investment. This superyacht comes with copious amounts of equipment in mint condition and internal volumes can be increased exponentially with a little redesign work.

The former pilot station ship Kapitaen Hilgendorff, built in 1961 at the Schichau Seebeck Werft, she is being converted to a superyacht with a helicopter landing platform, hangar, grand scale saloon, two bathing platforms at the side, as well as two sun decks with Jacuzzis.

Every area of the yacht is being renewed to a full yacht finish, including hull fairing. Penguin is currently configured to accommodate 12 guests in a master suite plus five double staterooms and will take her new owners to any corner of the globe with a proven hull and state of the art technology. Formerly listed at €7.95 million, she's now asking €3.99 million.

For that sort of money, says Andrew, a buyer could simply ditch the hull and take delivery of the €11 million worth of machinery and equipment currently stored in a heated warehouse - all of which comes with the deal.

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