Due to business circumstances, the current British owner of the 58m (190ft) classically-styled superyacht Lady K II, which had been having refit work carried out by Solent Refit in the UK, has put the yacht up for sale through the yard. The 1961 built gentleman’s style of superyacht has been in the yard for some three years. Work on the refit drew to a halt some time ago.

Allan Foot, Solent Refit’s managing director, told SB: “We started on a major engine-room overhaul some time back and we have been associated with the yacht for seven years. We brought her back from Monaco and she has been in the yard for nearly three years. Due to business circumstances, not financial, the owner has now asked us to sell her with an asking price of £2m.”

Foot explained that this situation offers a new owner a chance to buy a classic styled yacht and they could put their own mark on the interior. “Depending on what a new owner would want to do,” Foot commented, “I would estimate that to complete the refit, if we had the opportunity to do it, would take up to about 18 months and cost around £3m.”

Lady K II was built in Sunderland by Austin & Pickersgill in 1961 for the then yard’s Greek shipping owner. She was built to keep the yard busy at a time of a fall in commercial work and she has had previous names of Lisboa II and Princess Tanya. She was subsequently rebuilt by Malta Drydocks in the early 1990s and also refitted again in 2005. She has had a number of owners and has been on the market at a range of prices such as US$5m in 1983; US$24m in 1991 and US$12.75m in 2004.

Foot added: “She represents a great value proposition for the discerning owner. Her classic lines, versatile layout and stylish interior make her the perfect luxury yacht”.