Vacant Land For Sale in Polokwane

Property description

Offered on a 49.75-year perpetually renewable Notarial Lease registered in the Deeds Office. Freehold conversion option will be available later. 25% upfront is required, balance leased at 8% p.a. CPI escalation applies. Construction, financing, and resale permitted.

Leasehold Zoned Vacant Land (Polokwane): You don’t buy the land outright—you secure it on a 49.75-year, perpetually renewable Notarial Lease (registered in the Deeds Office), with the option to convert to Freehold later once the developer finalises the freehold purchase.

How payments work: pay 25% upfront, then monthly lease calculated at 8% p.a. on the remaining balance (max 75% of land value)—buildings/improvements are excluded. Escalation is CPI-based, you can build, finance (banks can bond), and resell like normal ownership.