DescriptionSerious offers will be considered

Get your hands on this professionally part restored classic cruiser complete with most items required to finish.

The story began on Newport Street in Plymouth in 1965. It was here that ex-Naval officer David King and two friends started a company called Marine Projects.

Their first model, which was named Project 31, was built on the hull of a Senior 31 and fitted out in a rented shed.

From such humble beginnings, Marine Projects made huge advances. Over 150 Project 31 yacht models were sold in the following four years and have therefore become the initial success story behind the 1969 launch of the Princess 32 – the first model to bear the name.

She is on the market at a great price and the so don’t hang around get yourself a boat for the summer sun.

It is presently ashore in our workshop.

Margaret Ham, although requiring some TLC offers a lot of scope, she benefits from some useful upgrades such as warm air heating, a major refit in 2023 which included the wheelhouse extension being refurbished, including new lockers, both of the two engines have been extensively overhauled and reinstalled, two of the stern bulkheads were replaced. Indeed, the current spend with us on the refurbishment is over £17,000. Full details of work done available to a serious purchaser.

We are currently installing fuel tanks and carrying out other works as time alllows. the result is the price for this classic is going up as more of the work is now complete.

Also included in the sale are 2 x new fuel tanks currently being refitted and two boxes of spares.

The current owners are Ex Pats and have used Margaret Ham as their UK base for their holidays for several years. Unfortunately, the two-year Covid pandemic, resultant ban on travel and advancing years has made the owners re-evaluate their plans. They as a result have reluctantly taken the decision to sell Margaret Ham.

Step on board, through the double doors to enter the spacious extended wheel house, which has newly installed seating and lockers. The dinette converts into a double bed. Then down a couple of steps into the galley and dinette area. Forward of which is a two-berth cabin. The upholstery is in very good condition