Turk is up for sale.

Whitby Gazette (Whitby, England) | January 12, 2007 | Copyright

THE Grand Turk has been put up for sale, the Whitby Gazette can reveal.

Owners Phoenix Turk Limited have put it on the market at $5.5m ([pounds sterling]2.8m).

The sale could have serious repercussions on Whitby's tourism and leisure industry with huge amounts of income being lost.

Toby Macloaurin, a yacht broker for Cavendish White which is acting on behalf of Phoenix Turk, said they have been advertising the boat since September.

He said it is likely the vessel will leave the town.

"We think the market for a vessel of this kind is in the theme park and ...

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