Purchase & Sale Agreement
Principle Interest is a performance deck saloon fast cruiser from Farr Yacht Design. Built in 2009 by Swedish craftsman at Ericsson Technoyachts, known for their Volvo Ocean race winner also in 2009. The design brief was to create a capable, safe, fast cruising yacht that can be operated by an experienced couple. Principle Interest remains a design that is a viable threat today, with her owner achieving a top speed of 21 kts in 28 kts beam reaching.
AUCTION PROCESS: Auction participants register to bid by clicking the “Register To Bid” button and placing the required bid deposit of $30,000. Bidding will open at $300,000 and the official reserve price is $375,000.
The 8% Buyer’s Premium is Boathouse Auctions’ fee for managing, marketing, promoting, and advertising each auction and is paid by the successful bidder based on their highest final bid price.
A brokerage commission paid by the Seller to any properly registered Yacht Broker whose client is the successful Buyer and completes the purchase of the Asset.
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By submitting this form, you agree to our Terms of Service. Additionally, you grant permission to use the email address provided to send you updates and relevant information. We value privacy and assure you that your email will not be shared with third parties.
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