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Office for sale

Opp. Senate House, Russell Square, London, WC1B

From £23,000

Property Description

Key features

  • Exciting Investment Opportunity
  • Invest In Iconic Red Phone Boxes In Key Locations
  • Transforming Red Phone Boxes Into Workstations

Full description

Tenure: Leasehold

*New & Exciting Investment Opportunity*

Pod Works Inc. operates a growing network of work stations which are expanding across Central London and other major UK cities. Each work station is aimed at the entrepreneur who is always on the move and needs a convenient, affordable and private place to work. Each workstation will be fitted out and made secure to a high standard, and incorporate the following services:

Secure access via Kevo Smart Lock, a downloadable app
* WiFi
* VOIP phone (free National calls)
* 25 inch screen
* Wireless mouse & keyboard
* Printer
* Scanner
* Powerbank of plugs: UK/EU/Australian/US/USB
* Coffee machine
* Daily servicing and replenishing
* 24-hour security monitoring

Revenues generated from monthly membership fees starting at £19.99p (US$30) from an estimated 10,000 members in Greater London alone, and up to 100,000 members nationwide. That represents annualized poten- tial gross revenues of £24 million (over US$34 million) for Pod Works Inc.

Long leases will be acquired from Red Kiosk Company, which in turn has a long-standing deal with British Telecom plc to find new uses for the roughly 10,000 classic K- 6 phone boxes that remain across the UK. Over 8,000 of the K-6 models are protected structures under UK heritage conservation rules.

Active and mutually beneficial marketing of the Pod Works' network alongside growth and development of Bar Works™ Inc., a full service, Flexible and accessible co-working space provider.


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