TNAG-2663-FCO40-3859-Future-of-Hong-Kong-British-Consulate-General.-With-photogra-1992 — Page 32

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.