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Formula 311 SR1 Power Boat Muscle Boat Running Project, needs finishing

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Car location: Portsmouth, United Kingdom  Portsmouth, United Kingdom
Last update:17.06.2020
Technical specifications, photos and description:

Boat Use:Salt Water
Boat Type:Speed Boat
Modified Item:Yes
Year of Registration:1988
Length (Feet):31
Primary Fuel Type:Gas
Use:Salt Water
Engine Manufacturer:Mercruiser
Engine Type:Twin Big Block
Type:Speed Boat
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Formula 311 SR1 Power Boat Muscle Boat Running Project, needs finishing for sale

For SaleFormula 311 SR1 classic power boat, owned the boat for years, the first year of ownership removed boat engines and completely rebuilt them with fully forged pistons, rods, crankshafts etc.. thousands spent with all parts from america, both engines are fresh water cooled so no worry about corrosion, manifolds and risers were also fitted brand new. Carbs upgraded, camshafts, inlet manifolds etc all upgraded to performance parts. pulley mounted jabsco pumps fitted for easy maintenance. Not sure of the power output but would be guessing 400ish each engine? 
Since carried out the engine overhauls have used to boat each season with the intention of refitting the interior, but lack of time has got the better each year and we only really use the boat for day trips so its never been major issue. It requires retrimming inside and various panels and electrics fitting out. did fit pump out toilet last year which makes it slightly more usable for days out in bay. 
the boat was surveyed last year and valued at £25k once interior is finished. having so much going on in life think its time to pass onto someone with more time to finish it off. Its sitting on an american road trailer which is not roadworthy, the boat is always launched and recovered after every use. cockpit upholstery generally good with minimal tidying up needing, all instruments are still original as like the original look, the only addition is GPS for accurate speed. The engines sound fantastic and it grabs attention wherever you go! cruises around 36 knots all day and is fairly good on fuel considering its running pair of big block engines! Ive never been flat out as Im not worried about top speed and don't want to ruin it. 
I had new tonneau cover made for the boat few years ago which fits perfect, there is camping cover but its really on its last legs to be honest! Overall this is an ideal project for someone who is good with finishing off upholstery etc, please don't waste my or your time with silly offers, the engines alone are worth over £10,000. One engine is currently out of the boat which do each season to make servicing easier (it only takes 45 mins to take out). both engines will be serviced along with new impellors etc within the next couple of weeks. Sea trail welcome once deposit received. Please call Gary on 07794358206 if you wish to discuss further, boat lying south coast.

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