Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of portion of Public Street, portion of Erf 895 Vredehoek, situated on the Corner of Bellair Road and Derry Street, Vredehoek shown hatched and lettered ABCD on the plan 130009180 marked annexure A attached to the report, in extent approximately ±26 m², to Evangelia Psomas (Tom Shackle – T/A Bootlegger Coffee Shop) or their successors in title, BE APPROVED subject to inter alia the following conditions:
 

1. A market rental of R2 900.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable;

2. The monthly rental to be adjusted on the basis of 6% per annum compounded annually commencing 2 months from date of valuation i.e. 2022-12-01; 

3. The proposed lease term is for a period of 10 (ten) years and is to be reviewed after a period of five (5) years;

4. The property be used for outdoor seating purposes only;

5. Subject to such further conditions to be imposed by the Director: Property Management in terms of his/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