YACHTDESKCharter & Sale / Purchase
Fleet
M/Y CYCLADIC STAR
40.8m / 133.8ftEU VAT Not PaidRINA
Sanlorenzo • Alloy 40 / 44 Fast Displacement Superyacht

M/Y CYCLADIC STAR

Lying: Marina Alimos, Athens, Greece (Malta (Valletta) Flag)
Official Asking Price
€16,800,000
Central Agency Direct
Summer Charter Rate€185k / week
Greek Registry Statuse-Mitroo Compliant
K
Konstantinos Vernicos
Executive Vice President S&P
YachtDesk Athens Alimos
+30 210 980 4425sales@yachtdesk.com
Length (LOA)
40.8m
133.8 ft
Beam
8.8m
28.8 ft
Draft
2.3m
7.5 ft
Gross Tonnage
485
GT (ITC 69)
Guests
10
5 Cabins
Crew
7
Officers & Crew
Cruising Speed
18 kn
Max 22 kn
Range
2,000
Nautical Miles
Naval Architecture & Vessel Pedigree

Architectural Integrity & Craftsmanship

M/Y CYCLADIC STAR is a masterpiece of modern Italian naval architecture and avant-garde interior aesthetics by Piero Lissoni and Zuccon International Project. Constructed entirely in lightweight marine-grade aluminium, she combines a 22-knot sprint capacity with 2,000nm transatlantic-capable passage making at 12 knots. The vessel features a groundbreaking three-level 145 sqm Owner's Stateroom with private forward pool, opening gull-wing balconies, and a cavernous lateral beach club. Currently registered under Malta Commercial flag with flawless charter track record across Mykonos and the Cyclades.

Naval Architect
Sanlorenzo Technical Department
Exterior Styling
Zuccon International Project
Interior Architecture
Piero Lissoni & Partners

Distinguished Shipboard Features

CMC Marine Electric Zero-Speed Stabilizers
Fold-Out 102 sqm Lateral Beach Club
Private Owner's Foredeck Spa Pool
Lissoni Bespoke Italian Furnishings
Starlink Maritime Satellite Comm
Bowers & Wilkins High-End Sound System throughout
Hydraulic Tender Garage for 6m Tender

Technical Specification Matrix

RINA
Classification Society:RINA
Class Notation:RINA C ✠ HULL ● MACH, YCH (Unrestricted Navigation), Green Star Clean Power
Flag of Registry:Malta (Valletta)
EU VAT Status:EU VAT Not Paid
Commercial Registry:Malta Commercial Registry (EU Commercial Charter Compliant)
Hull Construction:Marine Grade Aluminium (Sealium)
Superstructure:Aluminium 5083
Decks:Solid Teak 12mm
Stabilizer System:CMC Marine Stabilis Electra Electric Zero Speed & Underway Fins
Fuel Capacity:41,000 Liters
Freshwater Capacity:8,000 Liters
Engine Room & Machinery Specifications

Propulsion & Auxiliary Systems

Zero-Hour Service History Audited
Main Propulsion Machinery
MTU Friedrichshafen
2x MTU 16V 2000 M96L (1,939 kW / 2,600 hp each)
Total Output: 5,200 HP
Recorded Hours: ~980 hrs
Electrical Generation & Power
Auxiliary Generators
2x Zenoro 80 kW Soundproof Marine Generators
Parallel Sync & Emergency Load Panel
Seamless Shore Power Converter (400V 50Hz)
Propulsion & Shafting
Drivetrain & Steering
Straight Shaft Line with 5-Blade Skewed Propellers
Stabilization: CMC Active Roll System
General Arrangement & Accommodation Layout

Deck-by-Deck GA Architectural Layout

Optimized for private owner seclusion, seamless guest hospitality, and discrete crew service passageways.

Tri-Deck Owner's Penthouse Level

Unique multi-level master apartment extending from main deck forward up into private mezzanine lounge and forward bow sunken pool.

Key Architectural Highlights on this Deck:

Private Forward Plunge Pool
Lissoni Bespoke Dressing Room
Private Mezzanine Office
Panoramic 180° Windows
Equipment, Tenders & Water Sports Garage

Inventory Included in Sale Price

Williams DieselJet 565 with Yanmar 150hp
2x Sea-Doo Spark Trixx
2x Seabob F5
1x Awake RÄVIK Electric Jetboard
2x Stand Up Paddleboards
Snorkeling & Fishing Gear
Commercial Proforma & Yield Engineering

Annual OPEX & Charter Income Offset Model

Superyacht ownership operating expenditure typically averages 8% to 10% of vessel acquisition value. By enrolling M/Y CYCLADIC STAR into YachtDesk’s Central Agency charter management program, peak Mediterranean summer charter bookings offset operating overhead while preserving exclusive owner usage.

(Mediterranean high season June through September = 16 available weeks)
8 Weeks(@ €185k/wk)
4 Weeks (Conservative)8 Weeks (Vernicos Average Baseline)12 Weeks (Max High Yield)

Estimated Annual OPEX Budget

Annual Run-Rate
Crew Salaries & Onboard Provisions (7 crew):€620,000
Home Berth / Marina Flisvos / Alimos:€160,000
Marine Hull & Machinery (H&M) / P&I Insurance:€115,000
Scheduled Maintenance, Haul-out & Drydock:€345,000
Commercial Class Audits & ISM/ISPS Management:€110,000
Total Annual Operating OPEX:€1,350,000

Projected Charter Income Offset (8 Weeks)

YachtDesk Central Agency
Gross Summer Charter Revenue (8 wks @ €185,000):+€1,480,000
Central Agency Commission & Ops (15%):-€222,000
Charterer APA & Greek VAT (Law 4926):Paid by Charterer (Direct)
Net Charter Income to Owner Account:+€1,258,000
Net Annual Cost of Ownership:€92,000
Charter bookings cover 93% of vessel running costs while leaving 8+ weeks open for private family cruising.
Request a custom proforma tailored to your tax residency and preferred flag state.
Standard S&P Transaction Roadmap

MYBA Memorandum of Agreement (MOA) Procedure

PHASE 1
Letter of Intent (LOI)

Initial binding purchase offer subject to condition survey, sea trial, and class record inspection.

PHASE 2
10% Escrow Deposit

10% purchase deposit lodged in regulated stakeholder client escrow account prior to haul-out.

PHASE 3
Surveys & Sea Trial

Drydock inspection, hull thickness analysis, main engine oil spectrometry, and 4-hour sea trial.

PHASE 4
Protocol of Delivery

Bill of Sale execution, deletion certificate, e-Mitroo registration transfer, and escrow disbursement.