House For Sale in Polokwane

Property description

This unique opportunity offers a complete batch of 30 stands, each averaging 306m², designed for the visionary developer or entrepreneur. Offered under a 49.75-year renewable Notarial Lease with Deeds Office registration, the property provides a secure and flexible platform for combining residential and business activities.

Zoned to accommodate both dwelling and associated business operations, this cluster is perfect for creating a dynamic community where living and working coexist seamlessly. Developers benefit from build, bond, and resale rights, with the added potential for future conversion to full freehold ownership.

Whether your vision is a vibrant residential-business hub, a cluster of townhouses with commercial nodes, or innovative mixed-use units, this leasehold package provides the canvas and legal framework to make it happen.

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.