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  • M Place 10

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    To Chuk Han
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    The document proposes rental terms for Rossi Rossi Art Gallery to lease office space at 11F. The space is 5430 sqft. Rental terms include a 3 year lease with option to extend 2 more years, 1.5-3.5 months of free rent, 4 months deposit or performance guarantee plus 3 months, and management fees of HK$21180. The gallery offered HK$108000 per month which is equivalent to $15.99 per sqft for 2 months free rent.

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    The document proposes rental terms for Rossi Rossi Art Gallery to lease office space at 11F. The space is 5430 sqft. Rental terms include a 3 year lease with option to extend 2 more years, 1.5-3.5 months of free rent, 4 months deposit or performance guarantee plus 3 months, and management fees of HK$21180. The gallery offered HK$108000 per month which is equivalent to $15.99 per sqft for 2 months free rent.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    6 views2 pages

    M Place 10

    Uploaded by

    To Chuk Han
    The document proposes rental terms for Rossi Rossi Art Gallery to lease office space at 11F. The space is 5430 sqft. Rental terms include a 3 year lease with option to extend 2 more years, 1.5-3.5 months of free rent, 4 months deposit or performance guarantee plus 3 months, and management fees of HK$21180. The gallery offered HK$108000 per month which is equivalent to $15.99 per sqft for 2 months free rent.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 2

    Propose M Place 11/F rental price

    Client: Rossi Rossi Art Gallery Source: Direct Deal Size 5430 sq.ft

    Commencement Date: Negotiable (They have no space now and can commence immediately)

    Term of tenancy: 3 years or longer like 3+2option

    Rent Free Period: Can try 1.5 months to 2 months

    Deposit: 4 months or PG + 3 months

    Transaction Rental: @17 HK$92310.00 (The marketing leaflet stated $15psf so they have this expectation)

    + Mgt Fee: HK$21180.00 + Rate: HK$4050.00 =HK$117,540.00

    Net Rental: For rent free period 1.5 month = $16.29

    For rent free period 2 month = $16.06

    For rent free period 2.5 month = $15.82

    For rent free period 3 month = $15.58

    For rent free period 3.5 month = $15.35


    Rossi Rossi Art Gallery offer $108000.00 including Mgt Fee $21180.00

    = ($108000-$21180)/5430sq ft

    =$86820/5430 sq ft

    =$15.99psf

    Net Rental: For rent free period 1.5 month = $15.32

    For rent free period 2 month = $15.10

    For rent free period 2.5 month = $14.88

    For rent free period 3 month = $14.66

    For rent free period 3.5 month = $14.44

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