Subcouncil resolution details
Subcouncil 16
Agenda item no
16SUB 16/8/2020
Subject
PROPOSED LEASE OF PORTION OF CITY LAND, PORTION OF PUBLIC STREET, ABUTTING ERF 2193 CAPE TOWN, HOUT STREET, CAPE TOWN FOR AN EXISTING ENCLOSED STOEP; XDSL TRADING 410 (PTY) LTD
Meeting date
Monday, August 24, 2020
Resolution
Approved
Date closed
Tuesday, September 08, 2020
Resolution detail
RESOLVED to RECOMMEND that the lease of a Portion of Public Street, abutting erf 2193 Cape Town situated on Hout Street, Cape Town, shown hatched and lettered ABCD on the sketch STC 2965 marked annexure A attached to the report, in extent approximately ±15 m², to XDSL Trading 410 (Pty) Ltd, owners of Erf 2193 or their successors in title, BE APPROVED subject to inter alia the following conditions:
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A market rental of R310.00 per month inclusive of rates and excluding VAT.
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The monthly rental to be adjusted on the basis of 8 % per annum compounded annually on a pro rata basis commencing from 01 April 2019 until 31 March 2020 and thereafter 6 % per annum.
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The lease will endure for a period of ten years with a rental review after 5 (five) years;
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The property be used for an enclosed stoep purposes only;
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Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority;
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Subject to compliance with any other statutory requirements;
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No compensation will be payable for any improvement made to the property.
ACTION: M TAYLOR / C DAVIS |
