Subcouncil resolution details

Subcouncil 6

Agenda item no

06SUB 22/7/2024

Subject

PROPOSED LEASE OF CITY LAND, BEING A PORTION OF REMAINDER ERF 12756 AND REMAINDER ERVEN 12705, 12758, 12759 AND ERVEN 12773 AND 16977 BELLVILLE, SITUATED BETWEEN ISOTOPE AND THERMO STREETS, STIKLAND, BELLVILLE FOR STORAGE AND PARKING PURPOSES: BEEKMAN SUPER CANOPIES (PTY) LTD

Meeting date

Monday, July 15, 2024

Resolution

Recommend

Date closed

Wednesday, July 24, 2024

Resolution detail

Subcouncil 6 SUPPORTED and NOTED the report and recommended to Council that the lease of City land, being a portion of Remainder Erf 12756 and Remainder Erven 12705, 12758, 12759 and Erven 12773 and 16977 Bellville, situated between Isotope and Thermo Streets, Stikland, Bellville, shown hatched and lettered ABCDE and FGHJ on the attached plan 130009709 marked Annexure A to the report, in extent approximately 836m2 and 133m2 respectively, to Beekman Super Canopies (Pty) Ltd or its successors in title, be approved subject, to inter alia the following conditions, that:

a) A market rental of R14 000 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 2024-01-01;

c) The monthly rental is effective and payable as from 2024-01-01.

d) The proposed lease term is for a period of ten (10) years, with a review
after five (5) years.

e) The property be used for storage and parking purposes only;

f) Subject to such further conditions imposed by the Director: Property
Transactions in terms of delegated authority;

g) Subject to compliance with any other statutory requirements;

h) No compensation will be payable for any improvement made to the
property.

.

FOR ATTENTION: PATRICIA VAN SITTERT