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Argyll London Serviced Offices: Cost Comparison
When considering the cost of renting service office space in any Argyll centre, you will find it is extremely cost effective compared to the real cost of leasing, fitting out and equipping conventional office space of equivalent quality. Business plans are often unreliable, and therefore leasing a fixed amount of space for at least 5 years can be risky. Our flexible approach enables companies to lease the amount of space they need immediately and subsequently tailor the amount of space and length of stay to suit their changing needs.
Subject to availability, customers can be fully operational in Argyll London serviced offices within days, instead of months, with minimal capital expenditure and additional staffing costs.
Take for example a customer with a 6 desk requirement in Mayfair. It is likely that they would require approximately 1200 square feet of conventional space, once they allow for office space, a reception, meeting room, kitchenette, and corridors. Faced with the desire to expand, it is more likely that they would consider taking about 1500 square feet dependent on what may or may not be available in the market.
| Costs | £/sq ft |
|---|---|
| Rent | 75 |
| Rates | 18 |
| Running costs: AC, electrics, maintenance, repairs, building insurance, service charge | 12 |
| Costs of fitting out, furnishing, equipping and cabling, approx £70/sq ft amortised over 5 years | 14 |
| Approximate total cost (per sq ft) | 119 |
| 1500 sq ft @ £119 sq ft | 178,500 |
| Receptionist (gross salary) | 22,500 |
| Total Occupational Cost | 201,000 |
| Annualised cost of the proposed Argyll office | 96,000 |
| Approximate cost saving | 105,000 |
These figures clearly show a significant cost saving when you take a serviced office instead of a conventional office lease. These figures do not include the time involved in finding, leasing, fitting out and equipping conventional space, or the legal costs and stamp duty incurred when negotiating a lease instead of a simple agreement. Furthermore the contingent liability of leasing space on conventional terms, that may not be suitable for your future needs, has not been taken into account.
