Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of portion of public street, being unregistered state land abutting Erf 385 Green Point situated at Main Road, shown hatched and lettered ABCDEFGHJKLMN on the plan STC 3260 marked annexure A attached to the report, in extent approximately 38 m², to Men from Mars CC, owner of Erf 385 Green Point or its successors in title, BE APPROVED subject to inter alia the following conditions: 

 

1. A market rental of R3 400 per month inclusive of rates and excluding VAT and municipal services, i.e. water and electricity be payable;

2. The monthly rental is to escalate at 8% per annum compounded annually commencing 01 February 2020 until 2020-03-31 and thereafter 6% per annum. Rental to be reviewed after a period of 5 years;

                   c.   The lease will endure for a period of ten years;

                    d.    The property be used for outdoor seating purposes only;

                     e.   Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority;

 

                    f. The rental to be reviewed should any alterations / renovations take place on the leased premises;