Archive:New Space Search 2012
We're looking for a new space to move in once we've got some savings in the bank. We won't be in such a rush to move as last time.
The right space could allow us to run things such as a permanent licensed bar, which could be a boon to the community and also increase our revenue.
With a continued rate of growth we will hopefully see an increase in recurring revenue from the current level of £4,800/month to around £6,000/month.
Ideally we should be looking for somewhere which is less shiny than our current location, so we can make our own mark on the space without having to undo a lot of work when we leave. Think factories and warehouses more than offices.
We'll probably want to keep approximately the same split of areas as our current space, without reducing any of them in size.
High level requirements
- At least 5000 sq ft (460 sq m) - our current place is 2600 sq ft.
- In Zone 1 or 2. No further than 2 miles from our current location (because it could cause a disruptive change in our membership when we want it least).
- B1 or B2 use class
- Price less than £6000/month (£75,000/year) inc. service charge & VAT - i.e. less than £15.00/sq ft.
- No more than 0.5 miles to a tube/overground station
- Ground floor OR goods lift
- Separate entrance. Landlord has to be comfortable with hundreds of people having access.
- Noise allowed. We make a lot of noise, and a residential area isn't going to cut it.
- Has some natural light
Possible requirements (wishlist)
We won't be able to satisfy all of these, but the more the better.
- A building to ourselves, we'd rather not be renting a unit.
- Roof access
- somewhere secure for bikes
- usable outside area; ideally large enough for firing trebuchet/rockets/pigs.
- convenient parking for motorbikes, cars, etc
- Friendly landlord
- Easy access
- Fantastic views
Here's a google map to visualise where the list of candidates are: 
- 5014 sq foot / 466 sq m
- £4596 + £1266 rates = £5862/month
- £11 per sqft
- Ground Floor
- High Ceilings
- Gas Central Heating
- Loading Bay
- Good Natural Light
The address I believe is 16-22 Pritchard's Road London E2 9AP, previous tenants Mainstream Printing Services.
- 7,114 sq ft
- £14.75 per sq foot = £105,000 per annum
- £8750 + rates at £2250 = £11,000/month 
- Not far from the current space.
- Pics from Russ/Jonty's first visit
- 7000 sq ft
- 5,000 sq ft
- "The property is available to let on customer focused flexible lease terms and the benefit of no legal fees. Incentives are available to the ingoing tenant subject to lease length."
- 6,236 sq ft
- £770 pw
- Close to 6 Tube & Train Stn.
- Electric Shutter(6 meter High)
- CCTV with 8 Camaras
- 6136 sqft with 6.2 m height
- 24/7 Access
- 6 to 7 car park
- 15,000 sq ft
- Massive amounts of work need doing to it, and it's only available on a long lease, so probably ruled out.
Wallis Road No longer on the website, presumed gone
- 10968 sq ft
- 3200 sq ft parking
- £1635 pw
Dalston Lane gone
- 8000 sq ft
- £1058 pw
Pritchards Road Gone
- 7200 sq ft
- 55000-£87000 pa
Cheshire St gone
- 7000 sq ft
- £1308 pw
Moving will be an enormous task, and will take at least an entire weekend (and probably a week's worth of time in preparation).
Build-out of new space
There's no guarantee that any location we find will have all the amenities we need, so it's likely we'll have to budget for things such as fitting the kitchen, installing partitions, installing new flooring. Fortunately we should have a decent level of cash on hand.
Leaving Cremer Street
We need to return the two units to how they were when we arrived, which will require quite a bit of work.
- Kitchen conversion can probably stay as long as it's fully completed.
- Wall needs replacement breeze blocks (£???) + a day's building + painting.
- All(/most?) walls and doors need repainting. (They do? I'm not sure thats true. --jonty)
- Wet room and storage rooms need reinstating as toilets. Walls do not need to be rebuilt.
Self-referential thread of interest; New space?
Places to Look
- Space Station
- City & Urban
- Camden council
- Hackney council
- Tower Hamlets council
- Southwark council
- City of London council - includes other boroughs and spreadsheet
- Spacia (TfL arches aren't attractive because they require a director of the company to personally guarantee the rent. If there's a particularly good deal we might consider it, though.)
- Stirling Ackroyd contact Brett Sulling, mentioning Jeremy Coate from Cushman & Wakefield
- Gumtree (Looks like mainly nice offices)
- Pearl & Coutts
- Workspace Group
- Estate Office
- Copping Joyce
- Pater Goodman Merriman
- Richard Susskind
- London Warehouses
- Dominion Limited (Some warehouses and railway arches)
- spacedup (new name for Amazing spaces) mix of stuff, maybe we could split one of there places?
- Drivers Commercial
- Meanwhile Space CIC "experts on meanwhile uses for empty spaces"
- The Place Station "introduces owners of land and buildings across the UK to social and community entrepreneurs with ideas for transforming their local area"
- Shaw & Co
- Prime Location aggregator
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Frequently Asked Questions
How will we finance a move?
- We will publish a detailed moving budget once we're close to committing to a new space. (Todo: insert Russ' budget spreadsheet as an example.)
- We have a bit of money in the bank for circumstances like this, and we expect that a new space will increase membership (this happened every time we moved/expanded)
- We will under no circumstances raise the £5 minimum donation threshold for members.
- Instead we will likely ask existing members to increase their monthly donation, e.g. "double it if you can"
- Additionally we may invite one-off donations from members and generous donors, seek a loan (external or from members), etc
Will a new location add to my travel time?
It is unlikely that we will ever find another space as close to a train station as Laboratory 24, with Hoxton station around the corner. It is possible that any new location will involve additional travel time by foot to get to the closest station. We will try our best...
We don't know how many people actually use the East London Line to come to the space, but it seems likely that most visitors use a variety of transport means to get to the space (e.g. multiple trains or bus lines.) Also note that East London (particularly the Hackney/Tower Hamlets area) generally has great bus connections to many parts of the city. In combination this means you may have to change your route, but total travel time may not change by much.