Below Waterline 10mm Epoxy

Cheoy Lee
Pedrick 55

USD 329,000
Year: 2001
Length: 55ft 0"

GRP Hull, with 10mm Epoxy treatment below the waterline.

If you like classically beautiful sailboats, we are proud to offer for sale the very last sailing yacht built and launched by the Cheoy Lee shipyard in Penny’s Bay, Lantau Island, Hong Kong.  Designed by David Pedrick of Pedrick Yacht Design, the bluewater capable yacht is well-suited for both offshore racing and local cruising, is Cat 1 ISAF Offshore certified, and has competed in the China Sea Race. As stated by the owner, the yacht is “ offshore racer with a total displacement of 22 tonnes, her design is the old good style with 13 winches all over the boat.  The design is many years old, but the boat is like brand new. There is no other boat like her in the world, her only sister was built in a cruising version and is today located in Australia.”

For many years, the owner has loved his yacht will a full heart, and has meticulously maintained the hull, engine (John Deere) and rig (Navtec). This romance between owner and yacht is sadly drawing to a close, as the owner has relocated back to Europe, so the time has come for this beautiful sailing yacht to find a new home port. She is berthed at Subic Bay, Philippines, and with a full suite of navigation aids, generator, and much more, she is well-equipped for sailing in all corners of Southeast Asia and beyond. Note: both the hull and keel were treated with 10mm of epoxy in 2009/2010.  As a result, the yacht is the most durable vessel in the harbour and will never have osmosis problems. Please contact us to arrange viewings, and to bring offers for this sea-worthy and eye-catching boat.


Cheoy Lee
Pedrick 55


No. of Engines
Engine No. 1
Engine Make
John Deere
Fuel type
Engine hours
Total power


Length (ft)
55 ft
Max Beam (ft)
16 ft
48,000 lb


Fuel Tank
Water Tank
Features and Equipment


  • Genoa 150% 9,3 oz Dacron
  • Genoa 103% 8,0 oz TNF Dacron
  • Main 72 sqm, 2 reefs and one flattening reef (hydraulic) 5 full-length battens, both cars ball bearing supported.
  • Asymmetric spinnaker 1,5 oz nylon with dousing sleeve 288 sqm
  • Symmetric spinnaker 260 sqm
  • Storm jib 11,9 oz orange top
  • Try Sail 11,9 oz orange top


  • VHF (made in Denmark, good working order)
  • Icon SSB with automatic antenna tuner, back stay antenna, system in good order
  • Raymarine electronics/Radar in cockpit and nav station (partially not working properly any more--age of 15 Years)
  • New Raymarine independent chartplotter/GPS in cockpit with micro C-map
  • All-band receiver radio 
  • Raymarine autopilot system, drive and electronics about 4 Years old and in good working order


  • Rod rigging all in good order
  • 13 winches all over the boat, 2 primary winches size 72 from Anderson
  • 1 electric winch used for main sail
  • Double profile stay for genoa and jib
  • Navtec hydraulic pump/switch panel in cockpit 
  • Navtec hydraulic boom-vang, out-haul and back stay
  • All cylinders and pumps serviced recently
  • All necessary ropes/sheets for handling the sails mainly in spectra version 

Additional Equipment:

  • 2 marine aircon, main and forward as split unit ( less noise in saloon)
  • Fans all over the boat
  • 12V fridge
  • 12V freezer sea water cooled 
  • 3 burner oven, gas with switch in galley and magnet valve at the tank
  • Flat-screen TV and DVD player home-theatre sound system
  • New CD radio with speakers down below aft and cockpit
  • 3 blade folding Gori propeller (standard propeller on board as back up)

Pumps and Plumbing:

  • Shower sink pumps aft and forward
  • Small automatic bilge pump
  • Very big automatic bilge pump at slightly higher level (never used)
  • Manual bilge pump in cockpit and saloon
  • Deck washing system with reversing lever for fresh or sea water
  • Holding tank with reserving lever, sea or tank, for front toilet 
  • 5 fresh water stainless steel tanks about 1000 litres
  • 2 diesel stainless steel tanks about 800 litres

Simpson Marine Ltd ( offers the details of this vessel in good faith but cannot guarantee or warrant the accuracy of this information nor warrant the condition of the vessel. A buyer should instruct his agents, or his surveyors, to investigate such details as the buyer desires validated. This vessel is offered subject to prior sale, price change, or withdrawal without notice.

Contact Information

Seen a Yacht you like?  Contact our Hong Kong Team now to arrange your virtual viewing.  We will be happy to step on board and host a video call with you, allowing you to look around the yacht in person and direct us to the features and areas which interest you the most.  We are open, boat yards are open and independent surveyors are available in Hong Kong.  We are ready to do business and can ship yachts to any region in the world.  We look forward to hearing from you soon.

Enquire Brochure

Similar Yachts

Beneteau Oceanis 473 Clipper

USD 124,950
Year: 2003
Length: 47ft 0"
Hong Kong

Custom Sail 50ft

USD 79,800
Year: 1990
Length: 50ft 0"

Beneteau Oceanis 48

USD 279,950
Year: 2014
Length: 47ft 11"
Hong Kong

Hanse 630e

EUR 500,000
Year: 2008
Length: 62ft 4"

Nautor Swan 56

USD 495,000
Year: 2003
Length: 56ft 5"

Jeanneau Sun Odyssey 479

USD 320,000
Year: 2015
Length: 46ft 1"

Amel Maramu

USD 148,000
Year: 1979
Length: 46ft 0"

Schooner Classic

USD 145,000
Year: 2017
Length: 55ft 0"

Beneteau First 45

USD 230,000
Year: 2014
Length: 46ft 2"
Taiwan, Province of China

Grand Soleil 54

USD 445,000
Year: 2015
Length: 53ft 0"

Jeanneau Sun Odyssey 45.2

USD 120,000
Year: 2001
Length: 46ft 3"

Beneteau Sense 55

USD 475,000
Year: 2013
Length: 56ft 1"

Hanse 495

EUR 295,000
Year: 2012
Length: 48ft 9"
Hong Kong

Custom French build Sail Yacht

USD 599,000
Year: 2008
Length: 60ft 0"

Tayana 55

USD 265,000
Year: 1993
Length: 54ft 12"

Beneteau Sense 50

USD 299,950
Year: 2011
Length: 50ft 1"
Hong Kong
+ View all similar yachts

News, Events & Offers