Vacant Land For Sale in Polokwane

Property description

This 22,052m² stand is ideal for developers seeking large-scale Work-Home-Play opportunities in a rapidly expanding Limpopo suburb. Residential use is permitted alongside home-based business activities, giving freedom without rezoning. A 25% first lease payment is required, with the balance payable in structured instalments. Services begin once the minimum number of stands in the zone are sold, enabling development momentum

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.