Collins Street Business Centre

Serviced Offices - Cost Comparison
This is a general cost comparison between renting a serviced office or executive suite, noting that actual costs may vary from business to business. All costs are based on monthly rates in Australian Dollars.

For your own 100m² open plan suite, you would only need 30m² in our Business Centre as all of the public and shared areas are not charged.

Cost Comparison Table

Capital Cost Items	DIY	CSBC
Office partitioning, services, permits, alarm, cabling	30,000	-

Bank Guarantee	17,250	2,833

Phone System with voicemail (incl. lines)	6,000	-

Office supplies	1,000	-

Furniture for meeting room, desks, chairs, reception (5-7 staff)	18,000	-

Total Capital Cost	72,250	2,833

Annual Operating Costs	DIY	CSBC
Office rental (100sqm @ $340/m gross) vs 30sqm at CSBC	34,000	34,000

Meeting Room Hire	-	4,400

Secretary/Receptionist	30,000	2,500

Equipment leasing for copier etc incl. paper, maintenance and copy costs	11,000	1,200

Phone calls (avg for 5 people) incl. line rental	6,000	8,500

Internet access with own firewall, router for server hosting email	4,800	1,200

Office insurance incl. $20M PL required for own tenancy	3,000	1,500

Alarm monitoring and false callouts	900	-

Office maintenance	1,500	-

Cleaning 3 days/week vs 5 days/week at CSBC	1,450	-

Temp agency costs for backup to secreatry	3,500	-

Kitchen supplies	2,500	-

Amortising of make good costs at end of 36 month lease	10,000	-

Total Annual Cost	108,650	53,300

Depreciation of capital costs over 36 month lease	24,083	-

Total Cost Over 3 Year Lease	$398,200	$162,733

Annual Saving Using CSBC	$78,489

Monthly Saving Using CSBC	$6,541

Note: Allowances not included for temp. staff hire to backup reception and secretarial with your own office.

The most efficient and friendly serviced office team in Melbourne!