Subcouncil resolution details
Subcouncil 16
Agenda item no
16SUB 13/2/2024
Subject
PROPOSED LEASE OF A PORTION OF UNMADE PUBLIC STREET, PORTION OF ERF 566-RE SEA POINT EAST, FIRDALE ROAD, SEA POINT EAST, CAPE TOWN FOR SWIMMING POOL, GARDENING AND SECURITY PURPOSES: STEWART JAMES WADDELL
Meeting date
Monday, February 19, 2024
Resolution
Recommend
Date closed
Wednesday, February 21, 2024
Resolution detail
RESOLVED to RECOMMEND that the lease of a portion of unmade Public Street, portion of Erf 566-RE Sea Point East, situated at Firdale Road, Sea Point East, Cape Town shown hatched and lettered ABCD on the attached plan 130006040 marked annexure A, in extent approximately ±59 m² to Stewart James Waddell or his successors in title, be approved subject to inter alia the following conditions:
a) A market rental of R1 025.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable;
b) The monthly rental to be adjusted on the basis of 6% per annum commencing 2 months from date of the valuation. Accordingly, the above recommended rental is effective and payable as from 2023-08-01;
c) The proposed lease term is for a period of 10 (ten) years and is to be reviewed after a period of 5 (five) years;
d) The property to be used for swimming pool, gardening and security purposes only;
e) Subject to such further conditions to be imposed by the Director: Property Management in terms of his delegated authority;
f) Subject to compliance with any other statutory requirements;
g) No compensation will be payable for any improvement made to the property. |
