Yes.
Rent, business rates and service charges are all assessed individually for each property, so costs can vary significantly depending on property type, specification, size and location, even within the same area. A newly refurbished unit will typically carry different costs to an older, unrefurbished one, and specification (such as EPC rating, or the quality of common parts) can also affect service charge levels. Because of this variation, it’s worth getting a like-for-like comparison of total occupancy costs — rent, rates and service charge together — rather than comparing rent alone.
Getting the full picture
Rent, business rates and service charges together make up your total occupancy cost — and it’s this combined figure, not just the rent, that determines whether a property works for your budget. Our team can talk you through the full cost breakdown for any property you’re considering.
