Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of a City Land, Council Garage N, portion of Remainder Erf 148 Clifton situated at The Ridge, off Victoria Road, Clifton, Cape Town shown hatched and lettered ABCD on the attached plan 130010083 marked annexure A, in extent approximately ±24 m² to Penelope Joan Dalais or her successors in title, be approved subject to inter alia the following conditions:


a) A market rental of R3 500.00 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
compounded annually commencing two (2) months from date of the
valuation i.e. as from 2023-12-01;
c) The proposed lease term is for a period of 10 (ten) years, subject to a
rental review after a period of 5 (five) years;
d) The property to be used for parking purposes only;
e) Subject to such further conditions to be imposed by the Director: Property
Transactions 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.