The $8.5 million luxury yacht that was the site of Gina Rinehart's high-profile reconciliation with her daughter Hope Welker is up for sale.

The 26m Italian-built yacht Sakata made headlines a year ago when Ms Welker and Mrs Rinehart were spotted cruising the Swan River in it, weeks after Ms Welker walked away from an acrimonious court battle against her mother, but it is not owned by the iron ore billionaire.

The yacht, which is berthed at the Royal Perth Yacht Club's Fremantle annex, is now on the market for just under $6 million.

Italian luxury boat group Filippetti Yachts owns the super yacht but it has been chartered by an unnamed West Australian client since Christmas 2012.

Neither Giovanni Filippetti nor the Australian selling agent would name the WA client, citing confidentiality agreements.

Mr Filippetti said the group was negotiating with the client to move into a bigger boat.

A spokeswoman for Mrs Rinehart said she had not chartered Sakata from 2012 and had made no arrangements to either buy a yacht or request an agent to look for one on her behalf.

The yacht's luxurious air- conditioned interior includes a master retreat that takes up 40 per cent of the boat, is spread over two levels and includes an internal staircase leading to a white onyx bathroom.

It also has four other cabins, extensive crew quarters, a garage, swim platform and lavish furnishings reminiscent of a high-end hotel. Boating enthusiasts can also pick up a 30m Italian- designed yacht from its Gold Coast berth for $6.6 million or buy a 60m cruise ship, with 32 luxury cabins, for $6.5 million.

Mrs Rinehart remains locked in dispute with children John Hancock and Bianca Rinehart over the management of the family's multibillion-dollar trust.

The West Australian

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