Subcouncil resolution details
Subcouncil 6
Agenda item no
06SUB 31/3/2022
Subject
PROPOSED LEASE OF A PORTION OF PUBLIC STREET, BEING A PORTION OF REMAINDER ERF 2926 BELLVILLE, SITUATED AT SUIKERBOS STREET, BLOMTUIM, BELLVILLE: ROMATELA INVESTMENTS (PTY) LTD
Meeting date
Friday, March 25, 2022
Resolution
Noted
Date closed
Monday, April 04, 2022
Resolution detail
Subcouncil 6 supported and noted the report and recommended to the Immovable Property Adjudication Committee that the lease of a portion of a public street, being a portion of Rem. Erf 2926 Bellville, situated at Suikerbos Street, Blomtuin, Bellville,
shown hatched and lettered ABCDEFGH on the attached plan 130008545
marked Annexure A of the report, in extent approximately 277m², to Romatela Investments (Pty) Ltd, owner of Erf 3162 Bellville or its successor in title, be approved subject, to inter alia the following conditions, that:
a) A market rental of R1 400 per month inclusive of rates and excluding VAT
calculated at the rate applicable at the time of transaction be payable;
b) The monthly rental is to be adjusted on the basis of 6% per annum
commencing 2 months from date of this valuation, i.e. 2022-01-01;
c) The lease will endure for a period of 10 years;
d) The rental must be reviewed after a period of five (5) years;
e) The property be used for purposes of an overhead canopy only;
f) Subject to such further conditions imposed by the Director: Property
Management in terms of her delegated authority;
g) Subject to compliance with any other statutory requirements;
h) No compensation will be payable for any improvement made to the
property. |
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FOR ATTENTION: PATRICIA VAN SITTERT
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