Believe it or not, this boat is accross the bay from my Yacht Club so I was able to have a look at the engines this afternoon. They appear to be in a good state with no obvious fluid leaks, but they are high in hours (6300 port, 6500 starboard).
You know, it's realy a shame.
The boat is a 47 deFever and it was once someones pride and joy. Too bad it is built of wood because you are right, the exterior is beyond 'gone'.
There is a 12.5 genny on board that looks fairly new, but its sold.
Thanks again for posting!