1993 Cheoy Lee Custom 34.85m Yacht for Sale Cannes VAT Paid

This 1993 Cheoy Lee Custom motor yacht for sale in Cannes, France is a substantial 34.85-meter flybridge superyacht that offers an unusual and highly attractive combination of classic pedigree, major recent upgrades, strong charter credentials, and VAT-paid status. Built by the renowned Hong Kong shipyard Cheoy Lee, this custom yacht has benefited from extensive refits completed in 2021 and 2024, transforming her into a compelling turnkey platform for either continued commercial charter use or private luxury ownership. With an excellent record in the Mediterranean charter market, generous guest capacity, and meaningful investment already made in machinery and guest areas, she stands out as a highly practical and income-capable superyacht acquisition.

For buyers seeking size, range, guest volume, and a well-established charter profile rather than simply a newer hull year, this yacht offers genuine depth of value. She has the scale and operational flexibility expected in the mid-30-meter segment, but she also benefits from refit work that addresses many of the technical and hospitality priorities that matter most to today’s buyers and charter managers.

General Specifications
Built in Hong Kong by Cheoy Lee, the yacht measures 34.85 meters in length overall, with a beam of 7.21 meters and a draft of 2.60 meters. She carries a gross tonnage of 224 GT and is constructed from durable composite materials chosen for strength, reliability, and long-term structural performance. The yacht is classed by Bureau Veritas, adding an important layer of technical credibility and operational reassurance, and she underwent extensive refits in 2021 and 2024 that improved both technical systems and guest-facing spaces.

Her displacement hull form is designed for smooth passage-making, good offshore stability, and dependable long-range cruising. The generous beam contributes to excellent interior volume, while the flybridge configuration adds useful helm and leisure space above deck. The deck arrangement has been thoughtfully upgraded through modern refit work, including a stern extension and enlarged swim platform, allowing the yacht to retain classic superyacht character while benefiting from more contemporary lifestyle features.

Performance & Engineering
Power comes from twin Caterpillar 3412 C DITA inboard diesel engines delivering a total of 2,000 horsepower, arranged as 1,000 HP per engine. Significantly, the main engine long blocks have been replaced, and the machinery now shows only approximately 139 engine hours following that work. This is an important value point in the offering, as it materially improves confidence in future reliability and reduces concerns about immediate post-purchase engine expenditure.

The yacht carries approximately 35,000 liters of fuel, supporting an impressive cruising range of around 3,500 nautical miles at 11 knots. Maximum speed is approximately 13 knots. This profile makes the vessel particularly attractive for longer-range Mediterranean or inter-regional cruising where comfort, efficiency, and autonomy matter more than outright speed. The shaft-drive configuration ensures smooth power delivery, while Naiad stabilizers operating underway significantly improve comfort by reducing roll. Recently installed generators and upgraded electrical systems further reinforce her readiness for continued commercial or private use.

Guest Accommodation & Interior Layout
This Cheoy Lee accommodates up to 14 guests in five luxury cabins, with additional crew accommodation for five crew members across three cabins. The standout accommodation feature is the full-beam master suite located on the main deck, complete with bathtub, separate shower, and integrated TV/AV system, delivering a genuine owner-grade suite in a highly desirable position.

The remaining accommodation is equally well suited to charter operation. Two double cabins include Pullman berths, one twin cabin also features two additional Pullman beds, and a spacious VIP cabin completes the arrangement. This flexible setup enables the yacht to cater to larger family groups and charter parties, which is a considerable commercial advantage in the Mediterranean market.

The main salon is elegantly styled with warm finishes, a fully equipped bar, and a refined dining area that supports both formal and social use. The upper salon provides a more relaxed lounge environment with a large television and comfortable seating, creating multiple guest zones and improving onboard flow. This separation of social spaces is especially valuable on charter yachts, where guest groups often seek both lively and quiet areas throughout the day.

Exterior Areas & Guest Lifestyle
On deck, the yacht offers expansive lounging and sunbathing areas that match her superyacht proportions well. The extended teak swim platform substantially improves water access and guest convenience, while the hydraulic gangway and crane increase practical boarding and tender-handling capability. Exterior upholstery has been fully renewed, giving the outside guest areas a fresher and more contemporary presentation.

The yacht also includes charter-friendly lifestyle amenities such as jacuzzi, underwater lights, and even a dance floor configuration, all of which strengthen her appeal for event-oriented cruising and high-yield guest entertainment. These features help differentiate her not simply as a classic yacht, but as an actively marketable charter platform with real guest draw.

Navigation & Technology
The yacht is equipped with a capable and professionally arranged navigation suite including GPS, radar, autopilot, AIS, VHF communication systems, plotters, depth sounder, and log-speedometer. The navigation center is configured for longer-distance operation, supporting both practical passagemaking and charter demands. Repeater systems, integrated monitoring, Wi-Fi, flat-screen televisions, and audio systems complete the wider technical specification, improving both helm awareness and guest experience.

Precision steering controls and stabilization systems contribute to confident operation in a variety of sea states, while the broader equipment package reflects a yacht prepared for serious use rather than simple static display.

Luxury & Comfort
Full air conditioning and heating provide year-round climate control throughout the yacht. A newly installed water maker and upgraded plumbing systems improve self-sufficiency for extended cruising and charter schedules. Interior refinements completed during the refits include new parquet flooring across guest areas, redesign and extension of the master suite spaces, upgraded furnishings, and improved insulation. Ambient lighting enhances the onboard mood during both daytime and evening use.

The yacht’s entertainment-oriented features, including cinema system, wine cellar, underwater lighting, jacuzzi, and dance floor arrangement, add real experiential value. Combined with her large interior volume and generous guest capacity, these features help position her as a highly attractive option for luxury charter operation while also offering a rewarding lifestyle platform for private owners who entertain frequently.

Usage Potential
With capacity for up to 14 overnight guests and a proven charter record, this yacht is ideally suited to luxury charter operations in the Mediterranean. Her 224 GT volume, stabilizers, efficient displacement performance, and broad amenities package make her equally appealing for private family cruising or long-range voyages. For investors, her VAT-paid status and charter reputation represent particularly important commercial advantages, making her a rare asset that can begin operating with fewer structural barriers in the European market.

Maintenance & Refit History
The yacht has benefited from two extensive refit phases between 2021 and 2024. Major technical works include replacement of the main engine long blocks, installation of new generators, electrical system upgrades, new air conditioning systems, and a new water maker. Interior upgrades include full parquet replacement, master suite redesign and extension, and refurbishment of guest areas. Exterior improvements include stern extension, enlarged swim platform with teak decking, new hydraulic gangway, crane installation, and renewed cushions and furniture.

This level of work represents a significant capital investment and materially improves both present usability and future ownership confidence. It also distinguishes the yacht from many older alternatives that may offer volume but require heavy additional expenditure.

Registration, VAT & Transaction Structure
The yacht is registered under the Madeira flag, and EU VAT has been fully paid. This is a major value point for European buyers and operators, improving ease of use and commercial practicality. Documentation including class certificates and service history is available for inspection. The vessel has been professionally managed and operated primarily as a charter yacht, with regulatory compliance maintained appropriately.

Inspections in Cannes are welcomed, and sea trials may be arranged for serious buyers. A professional marine survey is recommended for complete transparency. Standard sales procedure includes deposit on agreement, escrow-secured transaction structure, and formal title transfer documentation. Delivery terms and potential relocation can be discussed, and notably the seller is open to possible trade with real estate or a smaller yacht.

Tenders, Toys & Additional Inclusions
The sale includes a 7.5-meter RIB tender with 250 HP outboard engine and capacity for up to 18 guests, a 3.5-meter Avon jet tender with hydraulic crane, a Seadoo Spark jet ski, two underwater scooters, kayaks, paddleboards, snorkeling equipment, and inflatable water toys. Additional onboard equipment includes safety gear, spare parts, mooring equipment, and potentially transferable warranties where applicable. This package substantially increases immediate usability and supports both private enjoyment and commercial guest appeal.

Machinery, Electrical, Plumbing & Safety
The engine room is reported as clean and professionally maintained. The Caterpillar engines are accessible for inspection, with visible serial plates and documented service records. Cooling systems, fuel filtration units, exhaust systems, and gearbox components are maintained to high standards. Newly installed generators provide reliable auxiliary power.

The shaft-drive propulsion package includes well-maintained propellers and balanced shafts, with bow thruster assistance improving marina maneuverability. Steering and rudder systems remain in solid working order. Battery banks for engine start and service supply are in good condition, the main electrical panel is clearly labeled and professionally organized, and shore power, inverter systems, and upgraded distribution networks allow smooth dockside and offshore energy management.

The freshwater tank capacity is approximately 3,000 liters and is supported by the new water maker system. Bilge pumps are operational and tested regularly, while grey and black water systems are properly routed and maintained. Hot water and pressure systems function efficiently throughout the vessel. Safety systems include engine-room fire suppression, multiple fire extinguishers, liferafts, radar reflectors, certified navigation instruments, and supporting compliance documentation.

Hull, Structure & Underwater Areas
The composite hull remains in excellent structural condition. Underwater sections are protected with antifouling coating, and structural refit works have been carried out professionally. The stern extension and enlarged swim platform were engineered to a high standard and finished in teak, adding both practical value and visual sophistication. As expected for a motor yacht, rigging and sails are not applicable.

Purchase Opportunity
For buyers seeking a VAT-paid, charter-proven 34.85-meter superyacht with significant recent upgrades, strong guest capacity, long-range capability, and serious Mediterranean commercial appeal, this Cheoy Lee Custom presents a standout opportunity in Cannes. She combines classic superyacht substance with meaningful modernization and immediate earning or cruising potential, making her one of the more strategically attractive acquisitions in her class and size range.