1950 Molich 22.98m Classic Mahogany Sailing Yacht with 4 Cabins for Sale in Valletta, Malta

1950 Molich 22.98m Classic Mahogany Sailing Yacht with 4 Cabins for Sale in Valletta, Malta

This 1950 Molich classic sailing yacht is an exceptionally rare opportunity to acquire a true maritime heritage vessel located in Valletta, Malta. Built by Molich in Denmark, this 22.98-metre classic yacht combines traditional mahogany-on-oak craftsmanship, bluewater capability, long family ownership history, modern refit investment, and a character that cannot be replicated by modern production yachts. With extensive restoration, more than €500,000 in recent refit works, upgraded navigation, Starlink connectivity, rebuilt engine, new teak deck, watermaker, air conditioning, and a Boston Whaler tender, she is a remarkable yacht for classic enthusiasts, private cruising, cultural preservation, or boutique experiential use.

General Specifications:
The yacht measures 22.98 metres in length with a beam of 4.98 metres and a maximum draft of 3.20 metres. She displaces approximately 22,700 kg and is constructed from mahogany planking on oak frames. Her classic full-keel monohull design provides outstanding directional stability, seakindly motion, and proven offshore capability. Structural works over the years include hull re-fastening, WEST system epoxy sheathing, frame repairs, partial frame replacement, and professional reinforcement.

Performance & Engineering:
Auxiliary propulsion is supplied by a Volvo Penta TMD102A six-cylinder inboard diesel engine producing 272 HP. The engine underwent a full professional rebuild in 2022, providing improved reliability and extended service life. Fuel capacity of approximately 1,350 litres supports long-range cruising, while her sail plan remains the primary means of efficient passage-making. The traditional shaft-driven propulsion system is robust, simple, and suitable for long-distance cruising.

Accommodation & Interior Character:
The yacht accommodates approximately seven guests plus crew across four guest cabins, with overall capacity for around ten persons onboard. The interior retains authentic classic charm while benefiting from modern comfort upgrades. The saloon and galley reflect the yacht’s “Food, Sail, Love” heritage, providing communal living spaces, warm natural wood finishes, traditional joinery, soft lighting, and an inviting atmosphere for long voyages and onboard hospitality.

Galley, Comfort & Domestic Systems:
Modern systems have been carefully integrated without compromising the yacht’s heritage identity. Air conditioning was installed in 2023, refrigeration and deep-freezer systems have been upgraded, and the galley is fitted for extended cruising. A Seafari watermaker with approximately 140 litres per hour capacity, upgraded in 2024, supports autonomy. Stainless-steel freshwater storage totals approximately 1,000 litres.

Deck & Exterior Features:
A newly installed 18mm teak deck completed in 2023 provides both durability and timeless elegance. Wide side decks, traditional deck fittings, cockpit space, and aft deck areas support safe movement and relaxed onboard living. The sale includes a Boston Whaler 130 Sport tender from 2008 with a Yamaha 40 HP outboard from 2025, providing practical shore access and exploration capability.

Navigation & Technology:
Despite her classic origins, the yacht has been extensively modernized. Navigation equipment includes a Garmin GPSMAP 1223 chartplotter, Fantom 18X radar, EM-TRAK B924 AIS Class B transponder, VHF communication, autopilot integration, GPS tracking, wind instruments, and full electronic navigation support. Starlink satellite internet installed in 2023 provides modern offshore connectivity.

Electrical & Machinery Systems:
The yacht features Victron charging and inverter systems, upgraded gel battery banks, professionally installed distribution panels, shore power connectivity, and start/service battery upgrades completed between 2021 and 2023. A Coelmo DML2000 generator installed in 2024 supplies dependable onboard power during anchorage and long-distance cruising.

Maintenance & Restoration:
This vessel has received continuous investment and preservation-focused maintenance. Major works include hull restoration, engine rebuild, navigation upgrades, teak deck replacement, frame repairs, epoxy sheathing, and mast reinforcement. Restoration works carried out between 2024 and 2025 helped preserve her structural condition and ensure continued seaworthiness.

Safety, Hull & Underwater Structure:
The yacht carries full safety equipment including liferaft, fire suppression systems, emergency communication systems, certified navigation equipment, bilge pumps, and offshore safety gear. The underwater hull is protected with antifouling coatings, and all structural elements have benefited from professional restoration and inspection.

Rigging & Sails:
The traditional rig includes mainsail, genoa, staysail, and mizzen from respected sailmakers. The mast has undergone partial replacement and reinforcement in 2024. Rigging has been surveyed and partially renewed, with remaining components confirmed serviceable and seaworthy. This gives the yacht a capable and authentic sailing profile suitable for classic cruising.

Legal & Purchase Notes:
The yacht is registered under the Malta flag. Documentation, VAT status, and ownership records are available on request. The vessel has remained within the same family since the 1960s and has primarily been used for private cruising and cultural voyages rather than commercial charter exploitation. Due to her heritage and construction type, a professional survey is strongly recommended.

Contact KaterBlue today to arrange a specialist viewing in Valletta and take the next step toward owning this rare Molich classic sailing yacht with genuine maritime history.