Annex 1
The Albany
HK$ 165,000 pm
Rent:
Mgmt Fees:
Nil
Parking:
2 spaces free
Guest Parking
(for block) : 12
16
Floor area:
The Repulse Bay
HK$ 150,000 pm
5,400 pm
HK$
1 space free
2nd space at HK$ 1, 500 pm
gross- 6,000 sq ft : net of bay windows 5,514 sq ft
Balcony:
496 sq ft
200
5,680 sq ft
2 landscaped gardens with lawns and shrubs. One is 70 yards long, with outside bar and separate, external kitchen
Notes:
1.
The shape of the public rooms in both flats is the same: furniture is therefore transferable.
2. On the renewal of the Albany lease in autumn 1992, both OED and Swire Properties (owners) were notified of the probability of a move in accordance with the break clause in the lease (OED's letter of 27 July 1992 and related exchanges).
case
3. Provision was recommended in 1992/93 OED budget for costs of a move from the Albany. Actual costs in this would be far lower than the estimate given in the MO's letter of 3 December to Francis (Area 1). We estimate the cost of the move to be in the region of HK$50,000 - HK$60,000.