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$560,000 yacht that carried 900kg of drugs is on sale

The 2010 Jeanneau 57 DS Sun Odyssey Yacht now on auction after drug bust. (Images: AFP)

A $560,000 yacht with an unusual history is currently accepting bids on auction. 

The Australia Federal Police on Friday revealed the 2010 Jeanneau 57 DS Sun Odyssey Yacht boat was seized in September at a drug bust off the coast of Western Australia.

An investigation found 900kg of cocaine, MDMA and methamphetamine were transported on the 17-metre vessel.

While the yacht is worth $560,000 new, the police auction will seek bids from $95,000 and above – meaning a bargain could be nabbed.

"While the yacht may not be in a pristine condition, its purchase will give the new owner an interesting tale to tell," said AFP detective superintendent Kate Ferry.

"Disrupting the movement of illicit drugs and seizing significant assets, including this yacht, remains a key focus for our investigations."

The boat did cop some damage when the captain struck a reef in the dangerous waters off the Western Australia coast. This triggered a sea search that uncovered the alleged drug importing operation.

Five men arrested from the bust are due to face court in January.

While Official Trustee in Bankruptcy will sell the yacht via an online auction, interested bidders can inspect the vessel in Geraldton on Saturday November 30 and Sunday December 1. Bidding closes on December 10.

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