Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of City Land, Council Garage No: 14, Portion of Remainder Erf 148 Clifton situated at The Ridge Road, Clifton, Cape Town shown hatched and lettered ABCD on the attached plan 130010346 marked annexure A, in extent approximately ±20 m² to John Hamilton Cullum or his successors in title, be approved subject to inter alia the following conditions:


a) A market rental of R3 600.00 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 three (3) months from date of the valuation i.e. as from 2024-08-01;
c) The monthly rental is subject to the condition that the existing garage door must be replaced by the applicant with a fibreglass/aluzinc (white) door at the applicant’s expense;
d) The proposed lease term is for a period of 10 (ten) years, subject to a rental review after a period of 5 (five) years;
e) The property to be used for parking purposes only;
f) Subject to such further conditions to be imposed by the Director: Property Transactions in terms of his delegated authority;
g) Subject to compliance with any other statutory requirements;
h) No compensation will be payable for any improvement made to the property.