Electronics > Manufacturing & Assembly

Need to rent work-space for electronics soldering

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mikeselectricstuff:

--- Quote from: Faringdon on July 06, 2022, 06:16:35 pm ---Hi,
The Studio (workspace) is 24.252m^2 (2.214m by 9.091m), but the government website doesnt allow you to calculate the rates from this.

Do you reckon we're talking £10,000/yr,   £30000/yr , £50000/yr or £100000/yr?


--- End quote ---
Look up the building, or one of comparable size in the same area. Google Maps is your friend.
My guess would be way below 10K.

Faringdon:

--- Quote ---So what's the problem?
--- End quote ---
Thanks, Business rates in London (NW10) have been known to be >£1ook per year. (>8k per month)
Theres no way of knowing what the rates are till after i move in.

As MikesElectricStuff  kindly says, you can try and look up similar places, but i  cant find any that list their rates.

jpanhalt:
Damn, I just lost everything I wrote.  Please get EEVBlog up to the 21st century.


--- Quote from: Faringdon ---Theres no way of knowing what the rates are till after i move in.
--- End quote ---
That is no way to do business.  Not even Elon Musk would sign a lease without knowing what it would cost.  If that is London today, it's sad.
1) Sign the lease with the landlord.
2) In all probability, you will get the exemption and be in clover.
3) If not, just don't pay the addition tax.  What's the worse that will happen?  You lose the space sounds reasonable.  Nothing gained, nothing lost.   Perhaps you go to prison.  Debtors' prison may still be in vogue in London.  How about daily floggings?
4) Worse case, that could be the longest time you have held any job/position.

Going back to my post #25, it seems you're looking for an excuse not to deliver on a product you promised.  Assuming that's the case, just move to a new life where we don't have debtors' prisons or floggings.   Garrettsville, OH is a nice place, and it's close to a small college where you might find a job teaching (Hiram College). 

mikeselectricstuff:

--- Quote from: Faringdon on July 06, 2022, 08:10:27 pm ---
--- Quote ---So what's the problem?
--- End quote ---
Thanks, Business rates in London (NW10) have been known to be >£1ook per year. (>8k per month)
Theres no way of knowing what the rates are till after i move in.

--- End quote ---
I find that very hard to believe.
Note that rateable value is not the amount of business rates payable. Rateable value is the open market annual rental value assessed in April 2015. The rates payable are approximately half this.

If you look at the rateable values for a property on the .gov website, you can drill down to how it's calculated - it's broken down by storage, office, retail areas etc. with their own rates per square metre.
 Office space in a random industrial area of NW10 seems to be around £100/m^2  So your 25m^2 space would have a rateable value around 2500, so well below the 12K limit for 100% business rate relief, but would  cost about £1250 per year in rates if you did have to pay.


Faringdon:
Thanks, yes , heres the gen  on business rates from the local London council


--- Quote ---You would be liable to pay business rates on any commercial space you rent, however, you may be entitled to claim 100% small business rate relief.
If this is the only unit you rent in England, then you would be entitled to claim 100% relief.
 
--- End quote ---

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