Bertram for sale in United States of America for $699,500 (£539,804)

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Price
$699,500 (£539,804)
Model
Unknown
Year
1976
LOA
24 m
Engine Count
0
Hull Material
Fiberglass
Fuel
diesel
RB Ref
RB243729
Location
Portsmouth, Rhode Island
Broker
Northrop and Johnson
Contact Name
Michael Geraghty
Broker Office
Newport
Michael.Geraghty@NorthropandJohnson.com
Phone
+1 401 848 5500
Arrange Viewing
Email Seller


About this Bertram

The Ocean Romance yacht is an 80’ cockpit motor yacht with 5 staterooms, each with en suite bathroom, plus half bath in the main salon. An interior door at the lower helm separates the forward section from the aft section. The aft section has a huge main salon with 2 seating areas, TV, bar and day head, a rear exterior cockpit seating area and up circular stairs is a large enclosed fly bridge lounge with another driving station and circular seating. Downstairs aft are 3 staterooms, including the full beam master suite with King bed and full bathroom, and 2 queen bed staterooms with bathrooms across the hallway. There is a laundry closet in that hallway. The forward section has a large living/dining area, new galley, and queen bed stateroom and crew quarters, each with bathroom. There is ample storage throughout the yacht.

Description

The Ocean Romance yacht is an 80’ cockpit motor yacht with 5 staterooms, each with en suite bathroom, plus half bath in the main salon. An interior door at the lower helm separates the forward section from the aft section. The aft section has a huge main salon with 2 seating areas, TV, bar and day head, a rear exterior cockpit seating area and up circular stairs is a large enclosed fly bridge lounge with another driving station and circular seating. Downstairs aft are 3 staterooms, including the full beam master suite with King bed and full bathroom, and 2 queen bed staterooms with bathrooms across the hallway. There is a laundry closet in that hallway. The forward section has a large living/dining area, new galley, and queen bed stateroom and crew quarters, each with bathroom. There is ample storage throughout the yacht.



History

This is truly a one of a kind vessel, the largest Bertram cockpit motor yacht in the world. It was extended from 58’ to 80’ by a prior owner. Thereafter, it was used successfully as a charter vessel and more recently since 2012 as a dockside bed and breakfast yacht hotel in Newport, Rhode Island. It is rated as the # 1 bed and breakfast and hotel in the Newport area by multiple vacation listing websites and generates considerable rental income there during a 7 month season. The current owners have continuously refit the interior over the last 5 years with tasteful appointments, upgrades and improvements. It has a unique floor plan layout with a separation of areas for privacy which works very well for a bed and breakfast or charter application. There is a large owner’s quarters forward of the lower helm with living room/dining room, 2 staterooms, each with en suite bathroom and spacious galley. Guest quarters are aft.



Refit

The current owners has continuously refit the yacht’s interior since 2012 with all new carpet, all new window coverings, and all new furniture. In 2015 the fly bridge was made into a lounge area by extending the floor area and new tops, enclosures and furniture were added. The galley was remodeled in 2016 with all new appliances and new counter tops. Portions of the exterior have been repainted 2015 and 2016-bow topsides, stern and fly bridge.



Bullet Points
  • Classic yacht with great floor plan layout on 3 levels.
  • Large interior and exterior areas refit continuously 2012 to 2016.
  • Proven record as successful income producing bed and breakfast yacht hotel…could also be used as a charter vessel or family yacht.
  • Well maintained in good mechanical condition.
  • Unique floor plan layout-separation of interior areas for privacy.


Bed and Breakfast Business Included in Purchase
NEW LISTING! This is truly the most outstanding and best available business opportunity to purchase a successful, one of a kind, award-winning, top-rated "5 STAR" furnished bed and breakfast business in New England. Rated as the # 1 "B & B" and hotel in the Newport, The OCEAN ROMANCE yacht, a licensed hotel, is the ONLY "5 STAR" rated "Bed and Breakfast" in the Newport area. Also rated as the #1 LOCATION and the # 1 BREAKFAST based upon GUESTS' reviews!
Priced to sell as a package for a discounted price of $995,000! Realtors and B & B brokers and yacht brokers protected with prior arrangement with seller. Commercial loans are available through  to purchase bed & breakfasts.
Location! Location! Location! Situated in the historic tourist destination of Newport, Rhode Island, the Ocean Romance dockside bed and breakfast yacht is within walking distance to downtown Newport's restaurants, bars, shopping and countless attractions. The Ocean Romance yacht, a licensed hotel which opened in 2012, is a well-established, viable, successful, "turn key" operating dockside bed and breakfast business with proven marketing in place. This classic 80' Bertram cockpit motor yacht is a five (5) stateroom (each with ensuite bathroom) vessel afloat in Newport Harbor at Goat Island Marina just 100 yards from famous wedding venues such as the Hyatt Regency, Belle Mer and Regatta Place! It is ideal for a "liveaboard" couple or for partners to operate this thriving hospitality business.
Guests prepay by credit card to stay on the Ocean Romance dockside bed and breakfast yacht! Approximately $135,000+/- gross cash flow income stream projected for the mid-April to mid-November seven (7) month season renting three (3) private guest rooms with king and queen size beds and serving guests a morning continental breakfast. Earn more income from three (3) guest rooms for substantially less work than required by those larger land-based bed and breakfasts with more guest rooms which entail greater responsibility, higher acquisition cost and stifling overhead! The Ocean Romance yacht's bed and breakfast income is sufficient to cover both current overhead and generate a substantial net income ($75,000-$85,000+ annual NOI-net operating income after standard expenses) while effectively living aboard the yacht for free in very spacious, comfortable and private owner's quarters with LR/DR, 2 BR and 2BA plus large galley (kitchen). Free parking at Goat Island Marina!
The occupancy rate renting three (3) guest staterooms is approximately 45% with an average daily guest stateroom rental rate (ADR) of $389 (with tax.) Alternatively, a buyer could rent all five (5) staterooms, offer the yacht for charter and/or operate year round for even greater income in Newport or elsewhere. Yacht refit. NEW EXTERIOR PAINT 2016! The discounted list price of $995,000 USD includes the well-maintained 80' Bertram yacht, the yacht's furnishings and equipment (except owner's personal effects), the profitable bed and breakfast business, Ocean Romance LLC, with hotel license, the yacht's name, good will, website, cellar telephone number and email address. Pro-rata adjustments may be made for necessary, agreed upon repairs/expenses/rental income as of date of closing. The same maintenance professionals will be available to continue to service the yacht after sale for ease in ownership transition. In addition, owner will mentor buyer to effectuate a successful change of ownership/operating transition. Owner retiring for health reasons.
Please see website at   and current bed and breakfast listings with 5 STAR guest reviews on  ,  and  .
Details
Built in 1977, refit 2000 and; NEW EXTERIOR PAINT 2016
5 years as successful B & B
Last renovation in 2016 
3 Guest Rooms (2 more in Owner's Quarters)
3.50 Guest Bathrooms (2 more in Owner's Quarters)
25 Parking Spots
Has spacious, private Owner's Quarters
 45% occ. rate for 7 months of operation
$389.00 avg daily rate
$135,000+ gross revenue (room rentals) projected for seven (7) months in 2016


2017 Improvements
  • Galley remodel: New countertops/ New faucets/ all new appliances
  • New exterior Awlgrip paint: Oyster White with Moon Dust nonskid, Flag Blue striping and Jett Black window trim
  • Brightwork done
  • Six (6) new Raritan freshwater macerating toilets
  • New 24 Volt charger
  • New 32 Volt charger
  • New LED bulbs in interior recessed lighting
  • New exterior black coin flooring by side entries
  • New sender port waste tank
  • New waste hoses installed throughout boat
  • Service on 30 KW generator
  • Service on 20KW generator


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