As Princess Tanya she was the star of the superyacht charter scene in the 1990s. Indeed many in the industry say she paved the way for what is todays thriving superyacht charter industry.
Now known as Lady KII she is in need of a total refit and this 58m custom built classic motor yacht is for sale as a turn-key project by the British Shipyard Solent Refit.
She has not been a happy vessel for some time and has been the subject of grandiose plans without the financial muscle to create them.
In summer 2012 Solent Refit was approached by a bank and asked to dispose of the 58m motor vessel Lady KII.
It transpired that the then owner of the vessel had some time earlier defaulted on his arrangement with the bank rumoured to be in the region of 10 million Euros, consequently they had re-claimed the vessel and been meeting the running costs for a number of years, first in Monaco port and then towing her to her current port.
During this time the bare minimum was spent on the vessel. However there were three crew retained who did an excellent job of keeping her clean and basic systems working.
At a meeting with the bank on return from the vessel it was agreed that Solent Refit would endeavour to find a buyer for the vessel. After a month a buyer was found the deal completed and plans were put into place to bring the yacht to Southampton.
She made the voyage under her own power and those who sailed in her describe her as a great little ship with wonderful potential.
Once in Southampton work began with stripping the main engines and engine room as this is where the major works are required.
Sadly some time later the owner instructed works to stop due to various issues with his business. The vessel has since lain in Southampton Water for the past 2 years with little to no work continuing.
Finally the current owner has now decided that due to changed plans he wishes to sell her on to someone that can apply themselves to the continued refit.
Alan Foot of Solent Refit says, “The engines have been assessed as quite rebuildable although some parts would need to be made. Should this route be taken as the engines are currently direct drive it may be worth considering the installation of variable pitch propellers to provide bridge control. We have also proved that if new engines were to be installed it would be possible for them to enter the engine room via the funnel casing. It has to be accepted that all the engine room pipe work requires replacement but this does provide the opportunity to design a far more efficient layout. On deck lockers were removed as were the masts, all the bulwark covers were removed revealing good steel beneath. The capping rail teak has been removed and stored to enable the steel turn back to be cut off and replaced with stainless steel to prevent later corrosion”