property
business. A serviced office is usually provided
furnished ie desks, chairs, filing cabinets and phones and is offered on flexible licence terms for as little as a month at a fixed, all inclusive fee.
Exactly what’s included in the rent can
vary but usually includes rent, business rates, utilities, service charge, building insurance, telephone line & internet connection and a telephone answering service. For some companies, the telephone answering service can save you thousands of pounds each year on staff costs! Additional services such as meeting
room hire and secretarial services are usually available at additional cost. The key advantages to serviced offices
compared to traditional lease accommodation are set up costs, flexibility (in terms of length of commitment and amount of space required) and the speed in which occupation can be gained – sometimes within a matter of hours. Serviced offices usually suit start up
companies, regional sales advisors, small professional firms or companies with unpredictable growth. There are more than seven serviced office centres along the M4 corridor in south east
Wales. Local commercial agents will have an understanding of each of the available centres and be able to compare each offering, depending on the individual needs of the occupier. They will also know which operator is offering the most competitive deals at any given time. Dan Smith said: “There is a wide variety
of fantastic office space available in the Gwent area. I would recommend potential tenants should look around, contact local agents and discover what options are available to them and the terms landlords are willing to consider.”
THEbusiness QUARTER 39
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