Vacant Land For Sale in Polokwane

Property description

Stand 24 is available under a long-term 49.75-year Notarial Lease, securely recorded in the Deeds Office, providing a stable tenure with the possibility of converting to freehold once the developer completes the transfer process.

Acquisition requires a 25% upfront payment, with the remaining balance financed at 8% per annum, adjusted annually in line with CPI.

The property offers full flexibility to construct, finance, and resell, making it an ideal opportunity for developers, investors, or homeowners looking for a secure and adaptable investment.

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.