A chance to cash in on the rebounding tourism industry, this historic Westport home provides the perfect accommodation opportunity.

Located at 72 Queen Street, the home has been standing for around 160 years and now comprises 22 bedrooms, seven bathrooms, a commercial kitchen and large dining room.

The property is being marketed by Ray White Westport agent Brodie French, with offers over $1.25 million being considered.

While the property was a family home owned by the same family for the first 100 years, it has been operated as accommodation by various owners for the last approximately 60 years.

Current owners Donna McLaughlan and Jack Devine said they had been running the successful family business as a hostel for more than a decade.

Ms McLaughlan said she and her partner had decided to sell as it was Mr Devine’s dream to buy a large boat and travel.

“The business has supported our family well and I have really enjoyed it,” she said.

“Meeting all the people has been a really enjoyable part of the business. People just love the old building.

“My husband has always thought it would be a good business for two couples to go into together, there’s enough work and business in it for two couples.

“As a chef I often thought it would lend itself quite well to being a nice restaurant and cafe, we might have done it ourselves if we were younger!”

Mr French said the property was a “captivating blend of modernisation and preservation of original charm”.

“The building has been renovated with great care, and showcases beautiful ornate ceilings and stunning native timber throughout, offering a truly special accommodation experience,” Mr French said.

"As tourism rebounds and housing demand surges in the Buller region, it presents an excellent work-from-home opportunity or a savvy investment choice.

"With the allure of surfing, breathtaking native bush walks, friendly locals, and of course, mouthwatering fresh whitebait, this opportunity is a win-win!”