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Lease v licence

That's 1/4 of the cost and twice as good!

Conventional Office Lease   Runnymede Malthouse
400ft2 (if you can find that!)

(Suite 10 – 2-3 people)

Rent at say £25.00/ft2

£10,000

 

 

All included and much more...

 

Over 1000 ft of space with centrally Shared Reception,

TV/ Smoking Lounge, Services Room

Interview Room and Board Room

 

 

 

 

 

Rates at say £8.00/ft2

£3,200

Capital cost of furniture, telephones, photocopier etc. 15K over 3 years at 10% interest

£6,500

Telephone line rental 3 lines @ £45/qtr (+1 Fax) + maint.

£1,000

Full time Receptionist/Typist at £8.00 per hour incl. holidays and Employers NI say,

£19,500

Management overhead (relating to looking after premises related matters), say 5 hours a week at £15/hour

£4,000

Premises Maintenance

£1,000

Repairs

£2,000

Electricity/Heating

£1,000

Cleaning/Toiletries

£2,000

Insurance

£500

TOTAL

£50,700

£12,500

The serviced office is a quality air conditioned building, equipped with the latest office equipment and fully staffed. A serviced office will use much less (chargeable) space than a conventional office due to the fact that areas for office equipment, reception, corridors, conference room etc. are supplied centrally. It is also the case that there are few offices of less than 400ft2 available to rent. The Serviced office has a short-term commitment and is highly flexible in terms of lease commitment.




 
Maintained by: Runnymede Malthouse Ltd.