Backpacker Accommodation, Christchurch Central, Canterbury

Offered for sale for the first time in 17 years is a very special backpacker accommodation business located in a unique historic building in Christchurch. The historic building, along with the excellent business operation have resulted in this business winning many awards and accolades over the years.
With excellent experienced staff in place, this is an easily operated business for an owner. There are currently 33 rooms with 88 beds used for accommodation. A few other rooms may be able to be added to the letting pool.
This business has come of age in the time of internet and social media. Guests, travel writers and internet influencers post numerous photos of this iconic accommodation resulting in a considerable advertising presence all at no cost to the business owners. This advertising and the lure of an authentic but comfortable accommodation experience results in a flood of bookings.
What is on offer here is to take up a new lease of over 20 years of this strongly growing (post-Covid) business and take it to new heights, building on the work of our Vendors.
The location of this business is excellent - close to cafes etc. and also handy to the Christchurch Railway Station, Hagley Park, Christchurch CBD, Entertainment Arena, Racecourse and a popular sports ground.
The unique building housing this business has been assessed as having a seismic rating of 100% NBS, ranking it among the most seismically safe buildings in Christchurch.
While our Vendors don't live onsite at the hostel, a business owner could do so, if desired. Our Vendors have owned and operated the business for approximately 17 years, and now seek to sell the business to allow them to focus on other projects.
Here's an excellent business, operating profitably, and currently in a growth mode, in unique premises which can be expected to continue to perform well in the foreseeable future. Seize this opportunity - enquire now! Property ID: #CIC59258