Comment on the proposed lease of portions of King George Way in Simon’s Town

About

In accordance with section 16.5 and 16.6 of the Management of certain of the City of Cape Town’s Immovable Property Policy (adopted by Council on 26 August 2010 C54/08/10) and Chapter 4 of the Municipal Asset Transfer Regulations (2008) we are considering the lease of the following City-owned property:

We plan to lease the property to Pardus Fine Art or its successors-in-title for a workshop to create art and sculptures, as well as for storage purposes.

Information statement

• Reason: the property is not required for the provision of a minimum level of basic municipal service;
• Expected benefit: the property is underutilised, surplus to Council’s requirements, no demand exist for same, and the lease will furthermore relief Council of a maintenance burden and generate funds for the City of Cape Town;
• Expected proceeds: that the City will receive a market-related rental of R79800.00 per month, excluding VAT and including rates, escalating at 7% per annum for a period of 10 years, the rental to be reviewed after five years, subject at any time to two months’ notice of termination. The rental is effective and payable as from 1 February 2026.
• Expected gain or loss: no loss will be incurred by the City arising from the granting of right.
• The proposed transaction includes a call for alternative proposals. The call for alternatives is not limited to a single bidder and should include the proposed rental, proposed use, etc:
• The proposed use of the premises as a workshop to create art and sculptures, as well as for storage purposes
• The use of the property will contribute to tourism development and support the creative industry in the area.
• The proposed proposal aligns with the City’s strategic objectives to stimulate economic growth and a cultural enrichment.

In terms of section 17 of the Local Government: Municipal Systems Act, Act 32 of 2000, you can submit comments to the municipality in respect of the proposed lease.

Submit your comment

Submit your comments via the following channels:

Online: Add Comment

Post: Written submissions can be sent to:

For attention: Shireen Miller

Property Transactions

South Peninsula Region

Private Bag X5

Plumstead

7801

Contact us

For more information and general enquiries, contact:

Shireen Miller

Telephone: 021 444 2592

Email: shireen.miller@capetown.gov.za