Hingham Town Opengov #8SSDRPVL26

Lease of Hingham’s Historic 8 Short Street Property

The Town of Hingham is seeking proposals to lease its historic property at 8 Short Street for a proposed business use. - Government buyer: Town of Hingham, Town Administrator’s Office; the sample lease identifies the Town, acting through its Select Board, as landlord. - Property requested for lease: Approximately 12,000-square-foot lot with a two-story Italianate-style historic building and detached single-car garage. - OEMs and vendors: No OEMs, prospective tenants, or other commercial vendors are named. - Lease term and estimated value: Five-year initial term with two optional one-year extensions by mutual written agreement. The notice estimates rent at $24,000 per year; the aggregate estimate is approximately $120,000 for the initial term or up to $168,000 if both extensions are exercised. - Key requirements: Proposals must describe the intended use and proposed monthly rent, and address the proposer’s experience, financial capacity, maintenance, and capital improvements. Uses must comply with zoning and historic requirements and be compatible with the property and neighborhood. The tenant is responsible for utilities, insurance, heating and cooling, maintenance, due diligence, and required permits and approvals; the property is offered as-is. - Deposit discrepancy: The notice gives two different descriptions of the refundable proposal deposit—one month of proposed rent in one section and 10% of the first lease year’s base bid in another—so the solicitation should be consulted for clarification. - Additional attachment: A sample commercial lease describes premises in the Tree and Park Building, including first- and second-floor space and a garage for storage. Its tenant, permitted use, rent, and lease dates are blank. It includes CPI-U Northeast Region rent adjustments, tenant responsibility for most operating costs, and a Town termination right with at least six months’ notice if the premises are to be sold; these terms appear in the sample lease and are distinct from the 8 Short Street property description.

Description

The Town of Hingham is seeking proposals to lease its real property at 8 Short Street, Hingham, Massachusetts, under M.G.L. Chapter 30B, § 16. The property includes an approximately 12,000-square-foot lot with a historic two-story building and detached garage; the initial lease term is five years, with two possible one-year extensions by mutual written agreement. Proposals must be submitted electronically by the deadline, with separate technical/non-price and price submissions, and must include the required forms, business plan, financial information, and detailed rent proposal. Uses must comply with zoning and historic requirements, and the Town will evaluate rent, proposer experience, and proposed use.

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