Vacant Land For Sale in Polokwane

Property description

This 1,261m² stand is available under a 49.75-year renewable Notarial Lease with Deeds Office registration, perfect for building a stylish home or investment property. Its size allows for a combination of indoor and outdoor living spaces.
A 25% first lease payment secures the stand; balance payable according to the agreed plan.

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.