Subcouncil resolution details
Subcouncil 20
Agenda item no
20SUB 9/9/2024
Subject
PROPOSED LEASE OF CITY LAND, PORTIONS OF ERVEN 46709 AND 46717 CAPE TOWN, KINGSBURY PARK, RONDEBOSCH, CAPE TOWN FOR PARKING, GARDENING AND SECURITY PURPOSES: RUAN AND LIESL LE ROUX
Meeting date
Wednesday, September 18, 2024
Resolution
Approved
Date closed
Thursday, October 03, 2024
Resolution detail
Subcouncil 20 supports and recommends the proposed lease.
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RESOLVED that:
It is recommended that the lease of a Portion of City Land, Portions of Erven 46709 and 46717 Cape Town, situated at Kingsbury Park, Rondebosch, Cape Town shown hatched and lettered ABCDEF and GHJ on the attached plan STC 2991v1 marked annexure A, in extent approximately ±66 m² and 17 m² to Ruan and Liesl Le Roux or their successors in title, be approved subject to inter alia the following conditions:
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A market rental of R650.00 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 commencing date of valuation. Accordingly, the rental of R650.00 per month is effective and payable as from 2023-07-01;
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Beneficial occupation: As previously agreed, a rental of R350.00 per month escalating at 8 % per annum, to apply as from 2017-06-30 until 2020-03-01 and thereafter at 6 % per annum until 2023-06-30;
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The proposed lease term is for a period of 10 (ten) years, subject to a rental review after a period of 5 (five) years;
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The property to be used for parking, gardening and security purposes only;
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Subject to such further conditions to be imposed by the Director: Property Transactions in terms of his 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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