Jater- Any photos? Would love to see her as is to get an idea of the work you are in for.
MarioG- I say go for it. The Robb 35' specifically is a great sailing vessel. Yea, if you keep the teak finished bright it will be a lot of work but it doesn't have to be. If you keep up on it every 6 months it is a lot more manageable. Besides, you can always paint your wood white.