Below is a table illustrating the various charges which are associated with taking space with Workspace PLC. Broadly the charges are split into three groupings, those payable to Workspace, those payable to Workspace’s business partners (should you choose to use their services) and Council Payments.
Whilst this is intended as a guide, you should in the first instance contact your Lettings Negotiator on 0207 247 7614 to discuss the charges and methods payable at your centre, as these do vary, as do the services at each centre.
Security Retainer
A form of deposit that is based on three months rent and is returned at the end if your agreement, subject to dilapidations. Where your rent is stepped, the deposit is based on the higher rent in the last year.
Payable to Workspace Management Ltd by Bankers Draft
Admin Fee
A one off fee of £250 (plus VAT) that covers the preparation of the documentation and your company name on the Building Directory board.
This amount is paid at the same time as the Security Retainer, payable by Bankers Draft
Rent
This is due monthly and is paid in advance
This is payable to Workspace by direct debt. To request a direct debt mandate please contact your Lettings Negotiator.
Service Charge
This covers the maintenance and upkeep of your property
This will be paid to Workspace at the time you pay your rent. In some cases service charge will be included in the rent you are quoted, please check with your Letting Negotiator to see if this is the case.
Contents, Employees and Public Liability Insurance
Workspace Plus Insurance is designed specifically for Workspace customers and provides cover for Employers Liability (required by law) and Public Liability (required by contract) as well as Contents and Interruption Cover.
For further details, or for a no-obligation quote call us free on 0845 0744 101 email us workspaceplus@willis.co.uk
Telephony and Data
Workspace has formed a partnership Excell Group Plc who can provide some of our centres with competitive data and telephony packages. Please speak to your Letting Negotiator to find out what service is available at your building.
The cost of this service is payable to Excell Group Plc; please check with your Lettings Negotiator for a list of charges and payment methods.
Business Rates
This is a council charge which contributes to local authority services and is based on £/sq ft. Broadly speaking you can expect to pay between £3 - £10 per sq ft per annum depending upon the location of your business premises. The amounts payable also depend upon your company status as some business types, such as charities and not for profit organisation receive a discount.
This is generally a separate payment payable directly to the local council; please refer to your council website for details.
In some cases this amount is payable to Workspace and included in your rent. Please check with your Lettings Negotiator to see which of the above applies.