The Courtyard: 12 offices in Bracknell Berkshire
Reedspace 020 7387 4521
 

Costs

Service charges are around one fifth of the average of similar offices elsewhere

 

Total occupancy costs at the Courtyard really are much less than equivalent offices, whether serviced or not.

Reedspace constantly compares the Courtyard outgoings with benchmarks such as Jones Lang LaSalle's Service Charge Analysis for Offices (OSCAR), and Kingston University's Service Charge Operating Report for Offices (SCOR).

Both reports confirm the value of "keeping cool without the need for air conditioning", with OSCAR finding that running costs of air conditioned buildings were on average 13% higher than those without, and SCOR finding that the Electricity and M&E elements were between 2.5 and 3 times more expensive in air conditioned buildings.

 

According to the 2015 OSCAR report (published in February 2016), South East offices without air conditioning had outgoings averaging £6.45 per sq ft, whereas the 2015 SCOR report (published July 2015) has an average of £7.07 per sq ft. This compares with £1.31 per sq ft for equivalent services at the Courtyard.

Effectively managing overheads helps to ensure that the highest quality environment really can be achieved for as little as £1.15 per desk space per hour.

Finally, please check the Valuation Office website (www.gov.uk/correct-your-business-rates) for latest Rateable Values, they can change at little notice.

     

Service charge for 2016

   
     

Budget for 2017

Unit Occupier Rateable Value
2017-22
Rates Payable
@ 0.479
Estimated
Service Charge
Total Outgoings 2017 Net Area Per
Sq Ft
Total Outgoings
Per Sq Ft  
1 Maximizer Software £ 44,000 £ 21,076 £ 6,094 £ 27,170 3,239 £ 8.39
2 Chiltern House Partnership £ 23,000 £ 11,017 £ 2,754 £ 13,771 1,695 £ 8.12
3 Blackbox Company £ 33,250 £ 15,927 £ 5,056 £ 20,983 2,601 £ 8.07
4 Axsy & Albert Roger £ 33,250 £ 15,927 £ 5,058 £ 20,985 2,604 £ 8.06
5 Infigo £ 23,750 £ 11,376 £ 3,061 £ 14,437 1,670 £ 8.64
6 Carillion £ 22,750 £ 10,897 £ 3,061 £ 13,958 1,678 £ 8.32
7 Egnyte £ 22,750 £ 10,897 £ 3,061 £ 13,958 1,674 £ 8.34
8 Faronics £ 22,500 £ 10,778 £ 3,303 £ 14,080 1,640 £ 8.59
9 Responsiv Solutions £ 33,750 £ 16,166 £ 5,061 £ 21,227 2,500 £ 8.49
10 Precision Point £ 22,500 £ 10,778 £ 2,982 £ 13,760 1,651 £ 8.33
11 TICS £ 40,750 £ 19,519 £ 5,602 £ 25,121 2,959 £ 8.49
12 Venture Life £ 35,500 £ 17,005 £ 5,079 £ 22,084 2,637 £ 8.37
Total expected costs £ 171,362 £ 50,171 £ 221,534 26,548 £ 8.34