Gajah Mada — 46m Phinisi Schooner (2020)
Bira Heritage 2020. Authentic traditional construction. Charter-grade modern systems. Documented charter book.
Vessel Overview
Gajah Mada is a 46-metre phinisi schooner built by Bira Heritage in 2020 — Bira Heritage is the yard most committed to pre-2017 traditional construction techniques. Authentic mortise-and-tenon joinery, traditional fastener patterns, hand-shaped frames — distinguished from yards using modern shortcuts. Combined with completely modern charter-grade operating systems. The combination is unusual and commands authentic-construction premium with operating-ready systems for charter use. 5 charter seasons completed, approximately 215 charter weeks documented.
Specifications Summary
| Specification | Detail |
|---|---|
| Length overall (LOA) | 46 metres (151 ft) |
| Year built | 2020 |
| Builder / yard | Bira Heritage |
| Cabins | 7 |
| Guest capacity | 14 |
| Crew positions | 11 |
| Hull material | Ironwood + teak (traditional construction) |
| Current location | Bali, Indonesia |
| Asking price | USD 2,680,000 |
| Status | Available — buyer-vetted listing |
Notable Features
Gajah Mada features authentic traditional construction (mortise-and-tenon joinery, brass + bronze fasteners, hand-shaped frames) combined with modern charter operating systems (Furuno electronics suite, KVH satellite, Volvo Penta D13 engines well-serviced, premium watermaker, comfortable interior with charter-grade galley and bathroom fittings). Traditional construction premium typically commands 8-15% over standard yards — Bira Heritage builds command this premium in resale market.
Build Provenance + History
Built by Bira Heritage 2020. Operated 2020-2025 as charter-fleet member through small-fleet operator (3 vessels). Light refresh November 2024 covered sail wardrobe replacement and electronics calibration — USD 65K. Current owner is selling to consolidate 3-vessel fleet into 2 larger vessels. Documented charter book transferable. Recommended for buyers prioritising authentic traditional construction with modern charter capability.
Inquire About Gajah Mada — 46m Phinisi Schooner (2020)
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Two offices — Bali (Seminyak) and Labuan Bajo. Brokers respond within 4 business hours weekdays. Confidential.
Frequently Asked Questions About This Listing
What survey would you recommend before commitment?
For an operating phinisi like this, we recommend a comprehensive marine survey covering hull (caulking, plank condition, ironwood keel inspection), rigging (mast, standing/running rigging, sail wardrobe), mechanicals (engines, generators, plumbing, watermaker, electrical), electronics (navigation, communication, safety), and interior. Plus sea trial 3-4 hours under sail and engine. Surveyor cost USD 8-18K depending on size and depth.
What is the realistic charter income potential?
Charter potential varies by positioning, condition, and operating structure. For this vessel placed in Komodo Luxury managed fleet, we project annual gross revenue ranging USD 1.4M to 2.4M depending on charter weeks (typically 22-28 weeks/year mature). Net to owner after operating costs and management fee typically 35-50% of gross.
Can the buyer specify or modify the interior layout pre-closing?
For an operating yacht, layout modifications are part of refit programme post-closing, not pre-closing changes. We can scope a focused interior refit (USD 80-280K typically) as part of the acquisition deal memo.
What flag and registration arrangements does the seller have?
The vessel currently operates under Indonesian flag with PMA-compatible ownership structure. Foreign buyers typically continue Indonesian flag operations through new PMA structure (Juara Holding handles registration). Alternatively, buyer can re-flag to Marshall Islands, Cayman, or Cook Islands for foreign-flag operations.
How is the existing crew transitioned at closing?
Operating yachts come with crew. Standard options at closing: full crew transition where existing crew transfer to new owner with continuity of employment, partial transition retaining key officers (typically captain and chief engineer) with fresh hires for stewards/deckhands, or full crew change with new hires through Komodo Luxury network. Most buyers retain at least the captain and chief engineer for 12-month minimum.
What is the realistic timeline from inquiry to closing?
Typical timeline: 60-120 days from initial inspection trip to closing. Stage breakdown: inspection trip (4-7 days), independent surveyor + sea trial (10-15 days), structured offer + negotiation (15-30 days), deal memo finalisation (15-21 days), escrow + closing (30-60 days).
What is the broker fee structure for this acquisition?
Sell-side commission paid by seller from closing proceeds (4-6% of closing price). No buyer-side fee for general inquiries. Buyers wanting dedicated buyer-side representation can engage Buy Phinisi (sister site) for buyer-side-only structure.
Why Buy Through Phinisi Broker
Listings vetted by physical inspection. Buyer pool includes 280+ qualified buyers across Indonesia, Singapore, Hong Kong, Australia, UK, and Mediterranean charter operators. Multi-region presence (Bali HQ + Frankfurt + Labuan Bajo) means inspection trips coordinated efficiently regardless of buyer location. Sister-company Komodo Luxury provides post-acquisition operating infrastructure if buyer chooses managed-fleet integration.
Our economics: we earn brokerage commission on closing transaction. We also earn ongoing relationships with buyers placing yachts in Komodo Luxury fleet (multi-year management compensation). The economics align with closing the right vessel at the right price for buyers operating successfully — not just transaction velocity.
Most of our buyer pool comes through repeat referrals from charter clients of Komodo Luxury, owners of phinisi we previously transacted, and partner referrals from the Juara Holding Group network rather than digital advertising or cold outreach.