Vacant Land For Sale in Polokwane

Property description

This 11,586m² stand presents a prime opportunity for residential or Work-Home-Play development in Limpopo’s growing suburbs. Ideal for townhouse clusters, multi-unit projects, or home-business integration, it offers flexibility for developers and investors alike.
A 25% first lease payment secures the stand, with the balance payable according to the agreed plan. Services commence once the minimum number of stands in the zone are sold.

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.