Subcouncil 16

Resolution detail

RESOLVED and RECOMMEND that the lease of Portion of Public Place, being Portion of Erf 1346 Camps Bay situated at Blinkwater Road, Camps Bay, Cape Town, shown hatched and lettered ABCD on the attached plan 130006624 marked annexure A, in extent approximately 742m², to John Anthony Copelyn & Corinne-Shelly Abel or their successors in title, be approved subject to inter alia the following conditions, that:
a) A market rental of R3 000.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable;
 
b) The monthly rental shall escalate at 6% per annum compounded annually commencing 2 months from date of valuation i.e. as from 01 June 2021;
 
c) The above recommended rental is effective and payable as from 01 June 2021;
 
d) The lease will endure for a period of 10 (ten) years; subject to a rental review after a period of 5 years;
 
e) The property be used for parking, access, gardening and security purposes only;
 
f) Subject to such further conditions to be imposed by the Director: Property Management in terms of his delegated authority;
 
g) Subject to compliance with any other statutory requirements.