Subcouncil 16

Resolution detail

RESOLVED to recommend that the lease of City land, Portions of Public Street, being  Portions of Erven 4087 and 10138-RE Cape Town situated at Orphan Lane,  Cape Town, shown hatched and lettered ABCD on the attached plan 130008546  marked annexure A, in extent approximately 159m², to Shada’n (Pty) Ltd or it’s   successors in title, be approved subject to inter alia the following conditions,  that:
 

1. A market rental of R4 000.00 per month inclusive of rates and excluding   VAT calculated at the rate applicable at the time of transaction be  payable
2. The monthly rental of R 4 000.00 per month shall escalate at 6% perannum compounded annually on a pro rata basis commencing from   01  October 2021
3. ) The above recommended rental is effective and payable as from 01
       October 2021;
4. The lease will endure for a period of 10 (ten) years, subject to a rental review after a period of 5 years;

        e) The property be used for parking purposes only;
 
         f) Subject to such further conditions to be imposed by the Director:
             Property   Management in terms of his/her delegated authority
 
          g) Subject to compliance with any other statutory requirements
 
           h) The objections not be upheld.