Business Details

- Business on offer for sale at minimal buy in cost and reduced rental to 1st April 2021. Includes walk in out and all fixtures and fittings.
- Habitat 1 Co shared-Workspace is a community business designed to meet the needs of business operators requiring a flexible workspace. Offering space on a full time, part time or casual basis. Established and operated since 2015 including Wine Yarra Valley - main global marketing hub for the Yarra Valley wine region. A formal lease was entered into November 2014.
- Sub tenants occupy lockable studios and are required to enter into a Licence Agreement for 12 months with a 12 month renewal option and thereafter or on a month to month tenancy basis. The majority of current tenants entered into a Licence Agreement in 2015/16 and 2019, all tenants remain on a month to month basis and have been notified that the business is to be offered for sale and that a potential purchaser may require tenants to re-enter into a 12 month Licence Agreement.
- Gross Revenue for FYE 2016/17 was $56,000, FYE 2017/18 was $71,000, FYE 2018/19 was $73,000.
- A portion of area could be transformed now to incorporate apartment living.
- The space includes 10 studio offices, shared meeting room and common areas.
- Equipped kitchenette and bathroom facilities with large cafe downstairs and a groovy wine bar in the basement level.
- Business located on 3rd floor of the recently refurbished exterior of the building adjacent to Aldi with plenty of parking at rear.
- Modern, spacious and attractive fit-out with not a cent to spend!
- Suitable for new or experienced owner with minimal owner involvement.
- Ideal lifestyle business - perfect as an additional business.
- Call now for more details, this unique opportunity won’t come again!

**Exclusive to Paramount Business Brokers (Our Ref V1589)
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“The statements and financial information relating to the subject business are based solely on information supplied by the vendor to Paramount Business Brokers (Paramount) and therefore Paramount does not warrant the accuracy of such statements and financial information and specifically excludes any liability in relation to same. Paramount strongly recommends that any prospective purchaser of the business seeks its own independent legal, accounting and financial advice and conducts its own due diligence of the business.”