Osprey Beach Hotel
Osprey Beach Hotel in Grand Turk currently for sale consists of twenty seven (27) beachfront units/rooms, covered indoor/outdoor pool, patio/restaurant, bar and kitchen, office, storage and powder rooms, situated on approximately 300 feet of prime beach and oceanfront with uninterrupted access to miles more beach along Grand Turk’s western shore. Located at the southern end of picturesque Duke Street in Cockburn Town Grand Turk, the Capital of the Turks and Caicos Islands. It is less than ten (10) minutes from JAGS McCartney International Airport and an additional five (5) minutes from Grand Turk Cruise Port by car/taxi.
Built in the mid-1980’s, Osprey Beach Hotel, the largest hotel accommodation on Grand Turk, enjoys an annual average 70% occupancy. Many of its guests are repeat visitors from Europe, Canada, the United States and South America returning to enjoy the peace and tranquility of Grand Turk Island. Honeymooners seeking seclusion in a romantic and scenic out-of-the-way location, snorkelers, paddle-boarders and scuba divers looking to explore the clear waters of the Atlantic and to dive the famous “wall”. Government officials and visitors from neighboring islands and business people needing to keep legal and business appointments in the Capital with Judicial, business and government officials, all flock to The Osprey Hotel and its famous beach-Bar “the Bird-Cage”. The Osprey Beach Hotel enjoys the very best “word of mouth “advertisement, see also its reviews on TripAdvisor.Com.
The Island of Grand Turk has experienced triple growth in visitor arrivals by cruise ship over the last six years to almost a million in the past year. Most if not all Island sight-seeing tours take in its popular site at some point. Osprey Beach Hotel has benefited from this visitor increase by way of walk in business and Island Beach Weddings which are now almost an every day occurrence.
For the Scuba-diver, there are two dive shops conveniently located across the street from the Osprey Beach Hotel. Their dive boats load and offload from the beach in front of and adjacent to the hotel property. Dive guest can begin to enjoy Grand Turk’s famous wall within minutes of leaving their hotel room and with the least amount of travel time and inconvenience while others may snorkel, paddle-board, beach-comb, or just sit and watch the ocean. Whale watching in season is possible straight away from the pool deck, bar and restaurant or from guests’ private room balconies.
Some might enjoy the quiet walk down Duke and Front Streets, through the tranquil historic district of “Old Town” enjoying Front Street’s up-close and personal ocean views. Others may visit the historic museum to view ancient artifacts dating back over three (3) centuries or tour and view Grand Turk’s quaint Bermudian style architecture or its equally old lighthouse (one of only three of its kind ever built). Still others may enjoy a bicycle or taxi ride to the south end of the Island to the more modern Grand Turk Cruise Port and Margaritaville, home to exhibits commemorating Astronaut John Glenn’s splashdown in the Atlantic Ocean just a few miles to the northwest of the Island on February 20th 1962.
The current owners of Osprey beach Hotel who oversee its operation on a year round basis are now desirous of more than the three months (or so) per year that ownership and seasoned local staff afford them. They now plan to retire to spend more time with family, especially Grand Children and to enjoy their other properties in Turks and Caicos Islands and visits to Providenciales and other islands in the “Beautiful by Nature” islands chain. They would be happy to consider a long “handover” period to future owners to ensure a smooth transition.
A recent insurance(draft) reinstatement cost assessment for the Osprey Beach Hotel property indicated a replacement value in the region of US$3.1 M excluding land, furniture and contents. This plus the value of the hotel business make the Osprey Beach Hotel a lucrative, cash generating investment proposition to someone seeking better than average return on investment and property appreciation. The investment becomes even more attractive for an owner/manager situation as is currently the case with this asset.
The property has an approximate gross external floor area (Buildings and main decks) of 22, 000 sq. ft. is well maintained and kept in excellent state of repair.The hotel property also lends itself to further expansion and increased capacity. Government of Turks and Caicos islands encourages inward investment and offers relatively more attractive incentives for investment in certain Islands, Grand Turk being one of them. There is therefore a real possibility for a new investor to negotiate a valuable package of incentives commensurate with his/her investment.
Financials for the hotel operation are available to confirmed qualified suitors willing to sign the owner’s confidentiality agreement. Request for such information or to commence the process of acquisition should be addressed to Oswald M. Simons at ozzie1348@aol.com or ossie@tciway.tc. mobile phone # (649)231-6412 or use the contact option displayed on this website. Call now as this opportunity will not be available for long.
The above information is derived from sources deemed to be reliable, but should not be relied upon without independent verification.
