Asking
€ 9,750,000

MADIZ Yacht for Sale

Length
181' (55.4m)
Builder
AILSA SHIPBUILDING CO.
Build
1902
Cabins
7
Asking Price
€ 9,750,000

Not for sale or charter to U.S. residents while in U.S. waters.

Madiz is one of a few yachts to have survived from the early 20th century, and arguably there is no other yacht of this size, age, and original standing remaining. She was built in 1902 by Ailsa Shipbuilding in Troon, Scotland, and is the largest classic motor yacht currently listed for sale.

Madiz can also claim the title of the oldest vessel in operation to have Lloyd’s classification.

Originally commissioned by James Coates Jnr, from his friend and now legendary yacht designer G L. Watson, Madiz was intended as something of a mothership or support boat to Coates’ sizable schooner-rigged sailing yacht.

Madiz served in the Royal Navy in both world wars, hosted the British Royal Family, Frank Sinatra and the Rat Pack before passing into the ownership of Costas Keletsekis who in 2003 brought her back to Lloyds 100A1 class. In 2010, Madiz found her current owners and has since been meticulously maintained as a classic yachting icon.

The 120-year-old steel-hulled motor yacht, now powered by two Mercedes 250Hp engines, accommodates 14 guests in seven cabins and operates with a crew of 10. The vessel is complemented by a 6m Riva Superflorida tender and a 6m classic launch.

Madiz is located in Perama, Athens, where she is available for viewings by prior appointment.

Specifications

Builder AILSA SHIPBUILDING CO.
Length (LOA) 181' (55.4m)
Year 1902
Gross Tonn. 359
Draft 14' (3.99m)
Beam 22' (6.86m)
Range 2,750 NM

Accommodations

Staterooms 7

Dimensions & Capacity

LOA 181' (55.4m)
Max Draft 14' (3.99m)
Fuel Tank 13,209 g (50,000 L)
Fresh Water 10,567 g (40,000 L)
Holding Tank 2,061 g (7,800 L)
Gross Tonn. 359

Construction

Hull Material Steel
Cruising Speed 10 Knots
Range 2,750 NM

Engines (x2)

Engine Make MERCEDES
Engine Model Maybach
Power HP 250
Fuel Type Diesel
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Full Details

Other Machinery

  • Propulsion: Prop Shaft
  • Sewage System: Triton 408 (4,080 litres/day)
  • Seafari watermaker

Batteries:

  • 4 x 220 amp/hrs main engines
  • 2 x 220 amp/hrs generators
  • 4 x 220 amp/hrs emergency lights and night operation

Accommodation

"Owner's" suite

  • Large stateroom with seating area, situated on the upper deck, featuring 2 sets of double window doors opening onto the deck.

"President" Suite

  • Full beam master stateroom with double bed and large seating area. Situated amidships for most comfortable motion.

"Lord's" suite

  • Large stateroom with seating area, one of the original staterooms, with part of the original mahogany panelling. Situated in the forward lower accommodations.

"Lady's" Suite

  • Large stateroom with seating area, the other one of the original staterooms, with part of the original mahogany panelling. Situated in the forward lower accommodations.

"Athenian" Suite

  • Large stateroom, partly original, with seating area, situated in the forward part of the ship, featuring a large central skylight.

"Ambassador" suite

  • Airy stateroom on the upper deck, featuring double window doors that open onto the deck.
  • 1 x smaller stateroom, with 2 single beds and bathroom en suite facilities, useful for guests,
  • children or accompanying personnel. This is also one of the original rooms.
  • All bathrooms have showers, basins and toilets and vanity unit.

Crew Quarters

  • Upper deck
  • Captain's cabin with bathroom en suite, situated aft of the bridge.
  • Lower deck
  • 1 x Double cabin with bathroom en suite
  • 1 x Single cabin with bathroom en suite
  • 3 x Double bunk cabins
  • 2 x Common bathrooms

Crew Galley

  • Crew mess with seating for 6

Communication Equipment

  • VHF GMDSS FURUNO
  • Inmarsat: NIL

Navigation Equipment

  • Radar/Plotter: Furuno Navnet
  • Echo sounder: Furuno LS 6100
  • Satellite Compass/GPS: Furuno SC-502
  • Magnetic Compass
  • AIS: EM Track A200

Tenders & Toys

  • Riva Superflorida, 6m, (1957), with Chrisler petrol engine
  • 6m Classic launch, (2019), with Nanni diesel engine
  • Davits: 2xElectric driven classic davits, one for each tender.

Deck Equipment

  • Windlass: Oiginal windlass (converted from steam to electric drive)
  • Anchors: 2x400 kg with 5 shackles on each chain

Safety & Security Equipment

  • Liferafts: 2 x 12 people
  • Fire fighting: 6 x Fire line points with hoses.
  • Full complement of fire extinguishers as per fire plan.
  • 2x fireman's outfits with breathing apparatus & spare air bottles
  • EEBD devices: 4 pieces
  • Fire detection system for main deck, engine & crew area

Refit History

  • Reclassified by Lloyd's in 2003 & 2007
  • Special survey completed in 2007
  • She underwent a major refit under the Owner's careful and strict supervision in Perama, Greece that included a 17 month dry dock period.

The main works done are as follows:

  • Steel works
  • Replacement of approximately 50 tons of plating (internally and externally) with 8 mm and 10 mm steel, including bulkheads, tanks and the majority of frames below the waterline in forward and aft areas. Some areas were completely rebuilt.
  • Diesel tanks extended and rebuilt
  • New water tanks
  • New black and grey water tanks
  • All tanks were pressure tested under Lloyd's supervision

Plans

  • A full new set of plans was drawn up and approved by Lloyd's

Machinery

  • Almost all piping replaced
  • New sewage treatment plant installed
  • All pumps either renewed or overhauled
  • The majority of electrical wiring replaced
  • New main electrical switchboard and 220 transformer
  • New main engine control panels
  • New generator added
  • Emergency lighting and alarms renewed
  • Lignum vitae bearings renewed
  • Main engines - major overhaul
  • Shaft bearings re-metalled
  • Intermediate shafts, tail shafts and propellers tested
  • Main engines and shafting system re-aligned
  • Air conditioning system was rebuilt
  • Rudder mechanism rebuilt

Interior

  • New (President) stateroom built
  • Forward (Athenian) stateroom extended
  • Existing wood panelling removed, underlying plating cleaned and painted, woodwork repaired or refurbished.
  • Most electrical wiring replaced
  • New galley installed in 2010

Deck

  • Replacement of teak decks on foredeck, aft deck & all of the upper deck
  • Refurbishment of all existing panelling and deck fittings
  • Anchor windlass entirely rebuilt
  • Complete re-paint of all exterior surfaces in 2023

Comments

  • This vessel is a unique survivor from the early 20th century no other yacht so old, so large or so original remains. She has evolved over her incredible 120 years but still retains significant original features both interior and on deck.
  • The panelling in the main salon and dining salon would be immediately recognisable to James Coates Jnr who commissioned her from his friend, the legendary yacht designer G. L. Watson.
  • The commission stemmed from Coates’ requirement for an escort yacht for his schooner Glennifer, which was the largest two masted schooner ever built. Launched from the Ailsa yard as Triton on 27 February 1902, she soon set out as mothership on cruises to the North of Scotland and Scandinavia.
  • After 10 years service, she was acquired by Sir George Bullough and renamed Rhouma II.
  • Bullough used her principally to allow him to travel in comfort to the Isle of Rhum which he owned and the vast Kinloch Castle which he had built as an extravagant palace to welcome his friends. But Bullough would not enjoy her for long and on the outbreak of World War I she was taken over by the Royal Navy as HM Yacht Rouma II and served in the Auxiliary Patrol Service in Scapa Flow. She only returned to yachting in 1920 when she would pass through the hands of series of well-known British yachtsmen changing names to Osprey and eventually to Hiniestia in the ownership of Sir Frederick Preston. But he like Bullough his ownership was short and she was again in naval service. This time she was on anti-submarine duties and narrowly avoided being sunk when bombed in July 1940. Then, with the return of peace, she hit the headlines and Pathe News as the Royal Patrol Yacht Hiniesta embarking King George VI, the Queen and future Queen Elizabeth II as part of the victory tour of Northern Island and the inspection of 62 surrendered German U boats on the river Foyle.
  • Post-World War II, the age of large yachts was supposed to be over but enter the Hon. John
  • North, second son of the 8th Earl of Guilford. His ancestors had served King Henry VIII, been prime minister during the American War of Independence and his family still lived in state. John took up yachting and after sailing extensively in the West Indies, acquired her and headed for the Mediterranean.
  • Using this vessel himself but also chartering her, she became world famous when she was chartered in 1960 by Frank Sinatra who dully invited the Rat Pack including Samy Davis Jnr, Dean
  • Martin and Peter Lawford. The newly elected president Kennedy’s parents were on the guest list along with international playboy Porfirio Rubirosa and Janet Leigh who had recently starred in
  • Hitchcock’s Psycho. The cruise was nothing less than a riot. In 1968 John North decided to sell his 58 year old steam yacht. She was already such a unique survivor that he opted to enter her into a Christies auction of steam engines and ship models, seeing a market there rather than in the conventional yacht market. Christies themselves described her ‘as probably the oldest steam yacht in commission and classed 100A1 at Lloyds. As such she is as rare as a Rembrandt.’ But, she did not sell. Instead, she languished in Piraeus until she inspired Greek-Iranian businessman Costas Keletsekis to become a yacht owner. It was a total surprise to his wife who could not see past the neglect and work needed ‘I could not even imagine what wonderful times we were going to have on it and what a difference it would make to our lives; making them more fascinating and pleasant.’ Over the next 40 years they cruised, entertained and grew as a family.
  • In 2003 Keletsekis, who had already re-engined her, decided that it was time to give her a full refit and bring her back into class with Lloyds Register. It was a herculean task that lasted four years but one that made history; She is the oldest 100A1 classed yacht in the world.
  • She was acquired by her current owners in 2010. They have continued the tradition of hospitality and great care for their yacht. The interior has been enhanced by a collection of appropriate British antiques adding a new tier of history to this much storied yacht.
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