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In accordance with section 16.5 and 16.6 of the Management of certain of the City of Cape Town’s Immovable Property Policy (adopted by Council on 26 August 2010 C54/08/10) and Chapter 4 of the Municipal Asset Transfer Regulations (2008) we are considering the lease of the following City-owned property:

We plan to lease the property to Tricolt JV 2 (Pty) Ltd or its successors-in-title for access, parking, outdoor seating and building encroachment purposes.

Information statement

• Reason: The property is not required for the provision of a minimum level of basic municipal service;
• Expected benefit: The property is underutilised, surplus to Council’s requirements, no demand exist for same, and the lease will furthermore relieve Council of maintenance burden and generate funds for the City of Cape Town;
• Expected proceeds: The City will receive a market related rental for the proposed lease for access, parking, outdoor seating and building encroachment purposes. A rental of R17 250.00 per month (exclusive of VAT and inclusive of rates), escalating at 7% per annum for a period of 10 (ten) years, subject to a rental review after a period of five years, and at any time to two months’ notice of termination.
• Expected gain or loss: No loss will be incurred by the City arising from the granting of right.
• The proposed transaction included a call for alternative proposals. The call for alternatives is not limited to a single bidder and should include the proposed rental and proposed use:
  Usage – Access, parking, outdoor seating and building encroachment purposes
  Rental - R17 250.00 per month (exclusive of VAT and inclusive of rates)

In terms of section 17 of the Local Government: Municipal Systems Act, Act 32 of 2000, you can submit comments to the municipality in respect of the proposed lease.

Access the lease plan.

Comment period

Submit your comments from 6 November – 7 December 2026.

Submit your comment

Submit your comments via the following channels:

Online
Submit your comments online.

Post
Written submissions can be sent to:

For attention: Angelene Kelland
Property Transactions
PO Box 4557
Cape Town
8000

Contact us

For more information and general enquiries, contact:

Angelene Kelland

Telephone:
021 400 6555

Email:
angelene.kelland@capetown.gov.za