Another "Yes, pass on this one" from here... that report is thorough and specific and contains no good news.
Plenty of boats around that should fit your requirements and budget.
".. there is much you could do at sea with common sense.. and very little you could do without it.."
Capt G E Ericson (from "The Cruel Sea" by Nicholas Monsarrat)
1984 Fast/Nicholson 345 "FastForward"