Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of a portion of Erf 10964 Milnerton, situated off Loxton Road, Milnerton, shown hatched and lettered ABCDEFGHJ on Plan No 130009563 attached and marked Annexure A, in extent approximately 3 537m², to Milnerton Golf Club, or its successors-in-title, be approved subject to inter alia the following conditions:
 
a) A market rental of R26 200 per month, excluding VAT and including rates,
calculated at the rate applicable as the time of the transaction, be payable;
b) The monthly rental is to be adjusted on the basis of 6% per annum
compounded annually commencing from 2023-11-01;
c) The above rental is to be effective and payable as from 2023-11-01;
d) The lease will endure for a period of ten (10) years;
e) The rental is to be reviewed after a period of five (5) years;
f) The subject property is to be restricted to 88 parking bays. Should the
number of bays increase, the valuation will need to be revised;
g) The property may be used for parking purposes only;
h) Subject to such further conditions to be imposed by the Director: Property
Management in terms of his delegated authority;
i) Subject to compliance with any other statutory requirements;
j) No compensation will be payable for any improvement made to the
property;
k) No buildings or structures of any kind, inclusive of containers, may be
erected on the property without the written consent of the City of Cape
Town.