RESOLVED
It is recommended that the lease of City land, Portions of Erf 155774,
Remainder Erven 65245 and 65857 Cape Town situated at the corner of
Chichester and Doncaster Roads, Kenilworth, Cape Town, shown hatched and
lettered ABCDEFGHJKLMN on the attached lease plan 130008627 marked
annexure A, in extent approximately 883m², to Doncaster Office Park Body
Corporate or its successors in title, be approved subject to inter alia the following
conditions, that:
a) A market rental of R14 800.00 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 as from 01 November 2022;
c) The above recommended rental is effective and payable as from 01
November 2022;
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 and landscaping 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
.
Action: Nomthandazo Vanqa
