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Traditional offices vs. Serviced offices
The advertised monthly or weekly costs of leasing office space usually represent only a fraction of the real costs involved.
The following table sets out the actual costs, in terms of capital and ongoing, that traditional office arrangements involve:
TRADITIONAL OFFICE |
SON SERVICED OFFICE |
ONE-OFF CAPITAL COSTS
- Solicitor fees for review and advice re property lease.
- Office fit-out, including partitioning and carpets
- Kitchen facilities (kettle, refrigerator, cups, cutlery, etc.)
- Cabling and connection for high speed internet access
- Telephone system and / or line establishment
- Fax line establishment
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NO START-UP COSTS WITH SON
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MONTHLY OVERHEADS
- Rent, rates and service charges
- Building and public liability insurance
- Power, water, gas accounts
- Reception staff
- Cleaning costs
- Security costs
- Office furniture rental or lease costs
- Equipment maintenance
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ONE MONTHLY FEE WITH SON |
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