Subcouncil 16

Resolution detail

RESOLVED to RECOMMEND that the lease of portion of City land, Portion of a Public Street, Portion of Remainder Erf 13410 Cape Town, Corner of Roodebloem and Salisbury Streets, Woodstock, Cape Town as shown hatched and lettered ABCDEFGH on the attached plan 130009670 in extent approximately 43m², to Proud Heritage Properties 232 (Pty) Ltd or its successors in title be approved subject inter alia to the following conditions:


a) A market rental of R2 250.00 per month inclusive of rates and excluding VAT calculated at the rate applicable at the time of transaction be payable;
b) The monthly rental shall escalate at 6% per annum compounded annually commencing 2 months from date of valuation i.e. as from 01 May 2024;
c) The above recommended rental is effective and payable as from 01 May 2024;
d) The lease will endure for a period of 10 (ten) years, subject to a rental review after a period of 5 (five) years;
e) The property be used for outdoor seating & balcony encroachment
purposes only;
f) Subject to such further conditions to be imposed by the Director: Property Transactions in terms of his delegated authority;
g) Subject to compliance with any other statutory requirements.