An accredited Developing
Stage business incubator
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Business incubator for biotech and medtech startups

 

Prices and availability

Please note that all prices quoted below exclude VAT.

Our VAT Registration Number is GB5430 55955.

Statutory Declaration

All leases for desks or units that are issued by Cardiff Medicentre specifically exclude the security of tenure protection offered to business tenancies by sections 24 to 28 of the Landlord and Tenant Act 1954. 

Successful applicants for space at Cardiff Medicentre will therefore be required to swear a standard statutory declaration before a solicitor prior to a lease being granted.

The cost of a solicitor acting as a witness will vary from firm to firm, but should be in the region of £25.00.  Cardiff Medicentre can provide contact details for local solicitors that have previously performed this service for current clients.

Desks

Desk leasing is designed for individuals that are writing business plans and raising finance for biotech and medtech startups. A desk space may also be made available for startups operating a virtual business model.

Leasing Arrangements

Cardiff Medicentre operates standard one year desk leases with a two week notice period either side. These desk leases are designed to offer entrepreneurs very low risk, rapid access to high quality pre-incubation space.

Desk clients are required to pay an application fee of £25.00. In addition, the Landlord charges clients a valuation and legal fees are provided up on request when a new desk lease is prepared.

Clients leasing a desk are expected to demonstrate high growth potential and to move into a unit within the Cardiff Medicentre once established. Therefore clients will not normally be offered more than two consecutive one year desk leases before being asked to expand into a unit here or find alternative accommodation.

Prices

Clients that lease desks receive monthly invoices detailing two separate cost categories:

The fixed monthly desk rent, invoiced in advance, includes a designated desk in the desk leasing area, car parking, storage facilities, business rates, an internet connection, hire of a VoIP telephone, and utilities bills. The current desk rent is set at £150.00 per month.

Clients that lease desks are invoiced retrospectively each month for a number of additional central services such as metered telephone call costs, use of photocopier and fax facilities, hire of conference rooms, and the provision of refreshments at meetings.

Units

Leasing Arrangements

Cardiff Medicentre operates standard three year unit leases with a one month notice period either side. These unit leases are designed to offer biotech and medtech startups low risk access to high quality incubation space.

Prospective unit clients are required to pay an application fee of £50.00. In addition, the Landlord charges clients  valuation and legal fees are provided upon request when a new unit lease is prepared.

Cardiff Medicentre is entirely focused on incubating early-stage biotech and medtech startups with high growth potential. As a result, our startups will not normally be offered more than two consecutive three year leases before being asked to find alternative follow-on accommodation.

Prices

Clients that lease units receive monthly invoices detailing three separate cost categories:

Rent is fixed for each three year lease period and is invoiced monthly in advance. Car parking is included within the rent. The current rent level has been set at £15.00 per square foot per annum. This is subject to approval by Cardiff Council Valuers.

Clients that lease units also pay an Advance Service Charge (ASC). The ASC is also invoiced monthly in advance and is subject to an annual review. A Service Charge Report is prepared annually by our independent external auditor. This report is used to assess whether the ASC has been sufficient to cover the eligible costs that are set out in the standard lease. Cardiff Medicentre reserves the right to recover any deficits in eligible expenditure that have not been recovered through the ASC. From 1 April 2015, the ASC will be set at £8.74 per square foot per annum.

Clients that lease units are invoiced retrospectively each month for a number of additional central services. These include the costs of modifications and additions not covered by the standard lease, internet connection fees, metered utilities charges, use of the telephone system, use of photocopier and fax facilities, hire of conference rooms, and the provision of refreshments at meetings.

Please click here to see a set of sample invoices for different unit sizes.

Clients that lease units are also responsible for paying business rates. The business rates invoices are issued by Cardiff Council directly. Please click here for the current rateable values of our units.

Current Availability

Cardiff Medicentre currently has the following units and desks available for leasing:

Unit Area
Type
Monthly Rent
Monthly ASC
Total Basic Monthly Cost
31 529 sq ft 6 x Desks
£150.00 N/A £150.00
23  284 sq ft Office /Lab £355.00 £208.03 £563.03
Unit Area
Type
Monthly Rent
Monthly ASC
Total Basic Monthly Cost
           
18 591 sq ft Office /Lab £738.75 £432.90  £1171.65
 Unit  Area 
Type
Monthly Rent
Monthly ASC
Total Basic Monthly Cost
20 591 sq ft Office /Lab £738.75 £432.90 £1171.65
30 591 sq ft Lab £738.75 £432.90  £1171.65


All prices quoted are excluding VAT.

Please contact us for further details.

 
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