House For Sale in Polokwane

Property description

This 33,068m² stand offers an exceptional opportunity for educational development in Limpopo. Zoned for institutional use, it is ideal for a high school, primary school, or similar educational facility. Its size and strategic location make it perfect for developers or institutions looking to establish a landmark learning environment.
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.