Subcouncil resolution details
Subcouncil 16
Agenda item no
16SUB 13/3/2023
Subject
PROPOSED LEASE OF A PORTION OF PUBLIC STREET, PORTION OF ERF 1138 VREDEHOEK, CHELMSFORD ROAD, VREDEHOEK, CAPE TOWN FOR PARKING AND ACCESS PURPOSES: SECTIONAL TITLE: BLOOMFIELD COURT
Meeting date
Monday, March 13, 2023
Resolution
Approved
Date closed
Friday, March 31, 2023
Resolution detail
RESOLVED to RECOMMEND that the lease of a portion of Public Street, portion of Erf 1138 Vredehoek situated at Chelmsford Road, Vredehoek, Cape Town shown hatched and lettered ABC on the plan 130009110 marked annexure A attached to the report, in extent approximately ±21 m², to Sectional Title: Bloomfield Court or their successors in title, BE APPROVED subject to inter alia the following conditions:
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A market rental of R700.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable;
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The monthly rental to be adjusted on the basis of 6% per annum compounded annually commencing 6 months from date of valuation i.e. 2023-01-01;
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The proposed lease term is for a period of 10 (ten) years;
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The property be used for parking and access purposes only;
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Subject to such further conditions to be imposed by the Director: Property Management in terms of his/her delegated authority;
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Subject to compliance with any other statutory requirements;
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No compensation will be payable for any improvement made to the property.