RESOLVED
It is recommended that the lease of Portion of Public Street, being Portion of Erf
52026 Cape Town situated at Imam Haron Road, Claremont, Cape Town,
shown hatched and lettered ABCD on the attached plan 130009377 marked
annexure A, in extent approximately 223m², to Dormell Properties 227 (Pty) Ltd
its successors in title, be approved subject to inter alia the following conditions,
that:
a) A market rental of R 8 900.00 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 November
2023;
c) The above recommended rental is effective and payable as from 01
November 2023;
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 security purposes only;
f) Subject to such further conditions to be imposTransactions in terms of his delegated authority;
g) Subject to compliance with any other statutory requirements.
.
Action: Nomthandazo Vanqa
