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The business is looking to move to a larger office as you have hired some new employees and you need more space. You have
The business is looking to move to a larger office as you have hired some new employees and you need more space. You have spoken with a real estate agent who has provided some rental options. Office 1 Office 2 Rent: $1850 per week Rent: $7900 per month Available to buy for $1 200 000 Available to buy for $1 170 000 3 large offices that can cater for 1 shared working space, 2 board multiple staff, 1 board room and 6 rooms, large balcony from undercover parking spaces available kitchen, 5 car spaces and good storage. a. Evaluate the 3 options and comment on the rental that is the best deal. Office 3 Rent: $94200 per annum Available to buy for $1234 000 4 car spaces and a small carpark for customer parking, 1 board room, courtyard, 2 offices and 1 open plan working space b. To secure the rental that is the best deal, 10% of the yearly rental price (known as the 'bond') needs to be paid up front. Calculate the amount of bond that you will need to pay upfront.
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Step: 1
a To evaluate the three options lets compare the rental prices and the available features Office 1 R...Get Instant Access to Expert-Tailored Solutions
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