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Price reduction on sailing yacht Lochiel at Northrop & Johnson

Ann Avery at Northrop & Johnson tells me there's been a $450,000 price cut on her central listing for sale, the 31.7m sailing yacht Lochiel.

She’s the well-known ex-Coco Chanel, designed by William Garden and built by Alloy Yachts in 1985. Her claim to fame among the yachting cognoscenti is the extraordinary safety and comfort passengers enjoy on long ocean passages. In addition to sea kindliness, they also appreciate her enormous on-deck pilothouse and outside lounge area.

Below deck Lochiel offers three staterooms plus an office for owner/guests, a raised saloon, galley and crew quarters forward. The stand-up, walk-in engine room is a real advantage, encouraging good maintenance. In addition to private use, she has the qualities of an excellent charter yacht and proven charter history under other ownership.

Her current owners bought her for a five-year journey around the globe. While a great platform to begin with, along the way they improved the efficiency of some systems, upgraded others, and maintained her well, culminating with a refit at the Delta yard in Seattle in 2010.

Lying in Antigua, Lochiel is now down from $3.3 million to $2.85 million.

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