About the Business

Step into a Fully Set-Up, Low-Overhead Co-Working Business in the Heart of Somerville
The current owner needs it SOLD ASAP and has priced it for a quick sale at just $15,000 – including all furniture!

Inclusions:

- Desks, chairs, boardroom table, screen – complete fit-out ready to go



- 4 private office spaces plus a boardroom/training area



- Flexible layout: large office can be split into two; boardroom easily converted into additional office



- High-traffic location in Somerville Central



- Ideal for an owner-operator needing their own space, a side hustle, or a passive investor



Financial Snapshot:

- Current Monthly Revenue: $4,460



- Fully Leased Potential Revenue: $6,050/month



- Current Outgoings: $4,011.02/month



- Current Annual Profit: $24,468



Optimised Scenarios:

- Convert boardroom into office: $44,868/year profit



- Split Office 4 into two: $37,668/year profit



- Convert all spaces to private offices: $58,068/year profit



Office Breakdown:

- Office 1: Vacant (Potential: $1,200–$1,430/month)



- Office 2: $1,430/month (leased to August)



- Office 3: $1,430/month (leased to August)



- Office 4: $1,600/month (currently on 3-month trial), increasing to $1,760/month (12-month lease)



- Boardroom: Currently earning $100+GST/month – easily repurposed to generate higher income



Monthly Outgoings:

- Rent & Outgoings: $3,716.02



- Electricity: $180



- Wi-Fi: $115



- Total: $4,011.02/month



Key Highlights:

- Price includes all furniture and setup – walk in and start earning



- Minimal ongoing costs



- Prime location for professionals, consultants, or small teams



- Strong upside with flexible layout and multiple revenue strategies



For more information and inspection, please contact

Agent: Jennifer

Mobile: 0412 223 047

Email: [email protected]

Office: (03) 9942 4104

Web: www.ngbsm.com.au

****Sales Rep required**** For further information please contact us at [email protected]