Ad ID: 63791

The Customhouse for Sale Nelson

Unique Going Concern on Leasehold Land


Business for Sale Description

The Customhouse for Sale Nelson

Reasons to buy

Excellent location

Restored in 2007

10 year perpetually renewable lease

Rent fixed until January 2025

Potential to grow the current business or create new revenue streams.

The Customhouse, on a leasehold commercial site, is an historic two storey building built in 1904. Many of its original characteristics have been retained, such as timber panel doors, wooden arch and decorative ceiling. In 2007 the property was refurbished over 7 months. It comprises 13 rooms (3 with en-suites), with 46 beds and shared facilities.

Owner’s accommodation​

There is currently no owner’s residence. The current owner utilises one of the rooms and shared facilities.


The property is located in Port Nelson and in walking distance to cafes, local dairy, waterfront restaurants/bars and fish & chip shop and only a 10 minute shuttle ride from the airport and a 15 minute walk to the CBD.


From 2008, the property has been operating as tourist accommodation, plus semi-permanent residents. The owner has advised that the business operates with a growing, positive cash flow. The listed price is based on a registered valuation dated October 2016.

There is potential to operate the premises in a number of ways (subject to resource consent approvals where applicable) such as:

Continue as a backpackers

Re-open the bar

Lease the carpark next door (16 spaces)

Convert into a boutique hotel or commercial offices

Operate a business hub incorporating:


Bike hireage

Micro brewery

Gift shop

NZ Backpacker Segment

​NZ has the reputation for being one of the best places in the world to backpack. The backpacker segment represents approximately 11 per cent of New Zealand’s holiday arrivals and visitor spend – making it a valuable visitor segment for New Zealand and the hostel market is going from strength to strength.

Reference: EL00918

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For more info

Jono Jarvis

Jono Jarvis
+64 9 579 9226 or +64 21 177 9760
Phone: Jono Jarvis +64 9 5... or +64 21 177 9760
LINK Business Christchurch
Licensed REAA 2008
Broker Ref: EL00918

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