The Coalface is a new coworking space in Finsbury Park, London, that positions itself as a cost-effective alternative to the increasingly expensive spaces in Central London.
The name ‘Coalface’ honours the industrial heritage of the location – the building itself housed a coal depot dating back to the 1800s.
“It’s really exciting to be able to offer such a high-quality space that is genuinely affordable for the entrepreneurs and start-ups who are increasingly being priced out of Central London” – CEO Jonathan Hausmann.
Finsbury Park’s first coworking space, The Coalface, is preparing to open its doors to entrepreneurs, SMEs and start-ups looking for a conveniently situated and cost-effective alternative to the increasingly expensive spaces on offer in Central London.
The Coalface is an architecturally refurbished workspace set over one floor of Clifton House in Wells Terrace, Finsbury Park – ideally located for transport links in and out of London and into the City. The Coalface name honours the industrial heritage of the location; Finsbury Park was an important hub for the coal industry, indeed Wells Terrace itself housed a coal depot dating back to the 1800s.
In contrast to many coworking facilities where economically affordable desks are in shared, open plan spaces, The Coalface offers predominantly private offices from £267 + VAT per desk per month.
At launch, The Coalface provides private offices from 3-20 desks. The space is designed to be flexible and accommodating to tenants’ changing needs; each office can be made larger or smaller as businesses expand or downsize. The Coalface also provides tenants with private meeting rooms, break out areas and outside space to work or relax in. Drop-in desks are available from £150 per month for a limited period.
Commenting on the launch Chief Operating Officer of The Coalface, Jonathan Hausmann said: “It’s really exciting to be able to offer such a high-quality space that is genuinely affordable for the entrepreneurs and start-ups who are increasingly being priced out of Central London, and are fed up with working out of a coffee shop.
“Coworking spaces were designed to offer an affordable and flexible alternative to traditional long-term office lets. However, most of the facilities on offer are based centrally, and prices reflect this.
“For many entrepreneurs and creative start-ups, being based in Central London is no longer critical to their business, and there is a clear market for a more affordable space outside of the City. Finsbury Park is close to the creative hubs of Hackney and Shoreditch and is ideal for people who need to travel in and out of the City Centre for meetings; its transport links mean you can be there in less than 10 minutes.
“The site is also great for people travelling into London from commuter routes that come into Finsbury Park station – such as Cambridgeshire and Hertfordshire. People now don’t need to continue their journeys into Central London and pay a premium for the privilege of working there.”
The Coalface has been developed by London property investment and development company, Dorrington plc.