Sounds expensive. My first service of my 07 at 1 year old or 6000 miles ( bike actualy only had 2200 on it) was cost of parts ( oil, oil filter, sump seal ) and 1 1/2 hours lab.
They do make quite a few inspect parts on the service and I know that I did not need brake pads or anuthing else, like chain adjusted (they did lube it though). They quoted me 2 hours lab (£120 but it only took 1 1/2. and I notice they also checked CO at idle. Bill was £81. Official triumph dealer as well.