CH184

125 Lake Washington Motor Yacht

$499,000

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125 Lake Washington Motor Yacht

$499,000

  • Last updated:
    06/30/22
  • Status:
    Available
  • Year:
    1936
  • Dimensions:
    125 x 25
  • Hull:
    Steel
  • Engine:
    CAT D398
  • RSW:
    --
  • Hold capacity:
    --
  • Location:
    Oakland, California

Uninspected 12-pack charter vessel. International charter business. Classic Expedition riveted steel yacht designed by W.C. Nickum. Fir decks w/steel deck beams. Steel boat deck & helipad with 4-ton hydraulic crane. CAT D398 12-cyl 750 hp diesel engine w/18,873 hrs. Twin Disc MG-540 4.60:1 gear. Single station helm w/hydraulic steering. Sperry Gyroscopic compass autopilot steering system. 6" shaft. (4) Diesel gensets: John Deere 6414 75 kW (12,118 hrs), Detroit 671 60 kW (1,750 hrs), Detroit 471 40 kW (under repair), and Kubota 7 kW (2,330 hrs).


Electronics: VHF radios, Furuno GP31 GPS, Raymarine Axiom chart plotter w/Quantum Doppler & Magnum 4' Open Array radars, Furuno FMV605 sounder, Standard Horizon VLH 3000 hailer. Victron Energy 30 kW inverter system. Shore power. CCTV monitor system.


Electric cabin heaters. Lang electric range & Kenmore ovens. Commercial Cooler depot fridge/freezer. Frigidaire fridge. Beverage fridge & wet bar. Walk-in cold storage. Della freezer. Asko dishwasher. Accommodates (12) guests plus up to (8) crew in (10) staterooms; (17) berths. (6) Raritan Marine Elegance electric heads. (5) Showers. Washer/dryer. US Marine 21' RIB w/Volvo Penta 150 hp I/O. 8,000 gal fuel capacity in steel tanks. 6,000 gal water capacity in steel tanks.


Hydraulic anchor winch. 1,000 lb Navy anchor with 900' of 7/8" chain. CQR stern anchor.


More pictures & current 2022 documents available upon request: marine survey, audio gauge report, main engine survey, fluid analysis for main, gensets & transmission.


As reported by the sellers:


Originally built as a military survey vessel by the Army Corp of Engineers in 1936, the vessel was designed to withstand extreme conditions in the Bering Sea. Her hull is constructed of high-iron riveted steel which resists corrosion much more effectively than newer and often less pure steel. Powered by a Caterpillar D398, the Army Corp of Engineers designed the hull curvatures to integrate with the propeller curvature. This results in maximum efficiency underway with fuel consumption of only 12 – 15 GPH depending upon operation, with a range in excess of 5,000 nautical miles and a helipad for auxiliary flight capabilities. She is a rare and intact representation of her vessel class with national levels of recognition. Her long-serving contributions include the navigation and charting of the Columbia River, engagement during WWII in the Aleutian Islands, and many contributions to scientific discoveries by the USCG.


She is now a 12 pack uninspected charter vessel and is immediately ready to book charter business as a follow-on from last summer’s (2021) successful charter season in Alaska. The vessel will soon become eligible for a full repower grant funding up to 100%. This is a result of the vessel being recommended by the State Historical Resources Commission (4/29/2022) for listing in the National Register of Historic Places. Granting of historic status provides benefits for preservation consideration, and exemptions when in use commercially. The historic status is critical for obtaining grants such as the Carl Moyer Program from the California Air Quality Management department. This grant is for engine and related equipment repowering and can yield up to 80% of the replacement costs. The additional repower costs of 20% can be provided by DERA (Diesel Emissions Reduction Act), a federal program which is able to be matched with grants such as the Carl Moyer. Savvy investors will note that the sale of the vessel as part of its LLC may have significant tax benefits. Possible benefits include state sale tax and the IRS’s capital equipment deduction, Section 179, which can provide immediate deduction options when purchasing depreciable business equipment in lieu of capitalizing and depreciating the asset over an extended period. In short, for investor/owners (individuals or businesses) that want a powerful asset, this vessel can be purchased under advantageous tax considerations while also eligible for nearly complete engine upgrades through grant based funding, significantly if not entirely offsetting the cost of acquisition.


The vessel was originally a hybrid diesel electric vessel (one of the very first) and there are many potential benefits and promotional opportunities associated with restoring the propulsion system to a 21st Century hybrid system. Initial steps towards this effort have been made by adding a Victron Energy 30kW inverter system which eliminates the need to operate a noisy diesel generator while significantly improving efficiency, performance, and air quality.


The vessel accommodates twelve guests plus up to eight crew in nine cabins. The main deck has two cabins; an ensuite double and a double bunk cabin. The forepeak below includes a single cabin and two double-bunk cabins. Below deck aft, crew quarters include four-bunk and two-bunk cabins, engineer’s cabin, as well as a double guest cabin. Additionally, the pilot house has a full-size cabin (owners suite with sitting room, head with shower and full length closets). There are a total of six heads, two of which are ensuite. The commercial galley is well equipped and accessible port and starboard. It is adjacent to the dining area which seats 12 and has its own entrances port and starboard. The main salon with windows on three sides creates the largest enclosed gathering area aboard. The space holds four couches with seating for sixteen and ample standing area with access to a full wet bar.


The recently overhauled crane system easily manages a 21-foot RIB with a 150 hp Volvo and has a lifting capacity of 13,500 lbs at an 8' radius. The decks are fir on steel frame, overlaid with elastomeric protective coating that is a flexible and non-skid surface. Her electrical system consists of 220v three phase AC for all large operating systems – steering, deck gear and pumps – 120v/50/100 Amp panel/shore distribution – for household use with 220/24/12v AC/DC Inverter System (30kW full ship), 110v Bridge with 12v DC battery back-up for nav and communications.

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