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Profitable Coworking / Office Business - Fully Operational In Melbourne CBD For Sale

Melbourne CBD, Victoria, Australia
Asking Price:
$1M - $5M (AUD) Furniture / Fixtures included
Sales Revenue:
$3,000,000 (AUD)
Cash Flow:
$500K - $2.5M (AUD)

Walk into a fully operational business with trained staff and a full marketing setup that generates over $3 million a year at 20% profit margins.

Premium coworking / shared office space located over 3 floors in town Melbourne CBD with panoramic views across the Yarra River and CBD. Been operating for over 10 years with 80% office occupancy and thriving events ($600K yr) and virtual membership ($200K) revenue streams.

One of the first premium workspace operators in Australia, The is devoted to helping businesses succeed. Offering exceptional serviced offices and flexible event spaces since 2010, our dynamic network offers hybrid work solutions that foster genuine, long-lasting connections and a growth-oriented environment where you can work and be at your most productive.

Property Information

Real Estate:

Lease

Lease Terms:

Level 17 - lease expires - 31 October 2024
Level 20 and 21 - lease expires - 30 June 2026

Leasehold Rent:

$1,200,000 (AUD) per annum

Location:

Located on Queen St, Melbourne CBD
Levels 17, 20 and 21
5 mins walk to Flinders Street station
20mins to Southern Cross station

Premises Details:

A-grade commercial building
Office Occupancy 80%
Marketing - Fully built out Branding, Websites - integrated online booking forms, SEO
Instagram / Facebook / Newsletter - 2000plus followers
Fully built out google ads set up
Opportunity to tap into global coworking operator for operational, marketing support?
Loyal repeat clients for meeting room and events generating $600K per year
Supportive landlord - ready to engage with new owner
Over 200 Virtual / Telephony members
330 pax in total
28 x Offices 2pax to 16pax
70 x Flexi desk (Hot Desk / Dedicated Desk)
3 x Full self servcie kitchens
5 x. Muli functional event spaces - full AV functionality
Members lounge
Cafe
15 x Meeting Rooms - all with TV
2 x Board Rooms - Confernce camera / Projectors / screen
7 x Phone Booths
360 degree views across Melbourne CBD
Staff x 5 fully trained - Operational, Finance, Events, Marketing
Strong established supplier network
New building lobby and End-of-trip facilities (bike storage / showers / towel service)

Business Operation

Expansion Potential:

Expansion available to other floors in the building.
We have worked very closely with our supportive landlord and have previously looked at other floors.

Competition / Market:

Coworking / Shared Office is a competitive and dynamic market.
This business has been at the fore front of the industry over the last 14years with occupancy level in excess of 75% over this period ( except for COVID).
Following COVID the loyal membership returned to the property.

Trading hours:

24/7 access - via building management system
Staffed - Mon to Fri 8.30 to 5.30

Employees:
5
Years established:
2010

Other Information

Support & training:

On going support available from existing Coworking business operating across Asia.
Marketing, Operational, Software, Finance.

Furniture / Fixtures value:
$400,000 (AUD) - included in the asking price
Related Documents:
Relocatable:
This business can be relocated.