The City of Cape Town will on 28 June 2013 advertise the lease of the property known as the Company’s Garden Restaurant, situated in the public gardens on Queen Victoria Street.
The Company Gardens, Queen Victoria Street, Cape Town
The Company’s Garden is an internationally recognised historic garden with immense cultural and tourist significance. It is a South African Heritage Site and is visited by thousands of people annually.
The Company’s Garden Restaurant is situated in the middle of this famous garden and has been in operation for the past 35 years. It attracts many people who come to enjoy the quiet, relaxing ambience of the garden setting and fresh air in the middle of Cape Town.
“The lease and re-development or improvement of the restaurant by public tender creates a unique and exciting opportunity to revive the Queen Victoria Street edge of the public garden in the Company’s Garden and to offer a greater variety and improved quality of food and beverage as well as recreational opportunities to the public,” said the City’s Executive Deputy Mayor and Mayoral Committee Member for Finance, Alderman Ian Neilson.
The overall project objective is to secure a suitable tenant who is committed to the successful management, operation and possible future re-development or improvement of the restaurant.
As part of the Company’s Garden revitalisation project, the City has identified the need for the Company’s Garden Restaurant to be improved, both operationally and aesthetically, and be utilised in a manner which complements the character of its unique environment.
The Company’s Garden Restaurant is currently leased to a private entity on a month-to-month basis. This entity will be allowed to continue its business operations at the restaurant until such time as the tender process is successfully completed or implemented.
The property will be made available in its current state and a full repair and maintenance lease will be structured over a five-year period. All maintenance, renovations and/or improvements to the property, will be at the successful tenderer’s costs and risk.
“During the initial five-year lease period, the successful tenderer will be expected to establish a world-class and family-friendly restaurant showcasing Cape cuisine, while at the same time managing and operating the restaurant at generally accepted local and international industry standards,” said Alderman Neilson.
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