Subcouncil 16

Resolution detail

 RESOLVED to RECOMMEND that the lease of City land, being a portion of Public
Street, Unregistered State Land abutting erf 117628 Cape Town, situated at Dixon
street, Cape Town, shown hatched and lettered ABCD on the sketch STC
3671 marked annexure A, attached to the report, in extent approximately 13m², to
Strand Street Properties (Pty) Ltd or their successors in title, BE APPROVED
subject to inter alia the following conditions:
 

1. A market rental of R350.00 per month inclusive of rates and exclusive of VAT.

2. The monthly rental is to be adjusted on the basis of 6% per annum compounded annually commencing from 01-04-2020.

3. The lease will endure for a period of ten years; subject to a review after 5 years;

4. The property be used for access and stoep purposes only;

5. Subject to such further conditions to be imposed by the Director: Property Management in terms of her delegated authority;

6. Subject to compliance with any other statutory requirements;

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