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Enclosing Lee's valuation of the lease of Holly Lodge; notes 'the prestige given to the Property by the late Occupier'.

20 Golden Square. - Glad that such a large price has been obtained for the lease of Holly Lodge; 'it is really of less value than formerly because of speculative building in the neighbourhood'. Explains that he considers the closets etc not included in his schedule 'are attached to the freehold by the mode of fixing'.

Drawn up by Charles Lee, 20 Golden Square.

Includes copy of proposed circular re the disposal of the lease of Holly Lodge, with note 'To be added in letters to House Agents'.