Subcouncil resolution details
Subcouncil 4
Agenda item no
04SUB 22/2/2024
Subject
PROPOSED LEASE OF AIRSPACE ABOVE CITY LAND, BEING PORTIONS OF ERVEN 9608 AND 13105 GOODWOOD, SITUATED OFF 16TH AVENUE, ELSIES RIVER, GOODWOOD: THERMOPAC (PTY) LTD
Meeting date
Thursday, February 22, 2024
Resolution
Recommend
Date closed
Thursday, February 29, 2024
Resolution detail
It is recommended that the lease of portions of Erven 9608 and 13105 Goodwood, situated off 16th Street, Elsies River, Goodwood, shown hatched and lettered ABCD on the attached plan TA 387v0 marked Annexure A, in extent approximately 43m², to Thermopac (Pty) Ltd or its successors in title, be approved subject, to inter alia the following conditions, that:
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A market rental of R3 250 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 shall escalate at 6% per annum compounded annually commencing 2 months from the date of valuation, i.e. as from 2023-07-01;
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The proposed lease term is for a period of ten (10) years, with a review after five (5) years.
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The property be used for purposes of an access bridge only;
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Subject to such further conditions imposed by the Director: Property Transactions in terms of 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.
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