Vacant Land For Sale in Polokwane

Property description

This well-positioned 912m² stand offers an excellent opportunity to secure space within Limpopo’s sought-after Work-Home-Play precinct, suitable for residential living with approved home-based business use.
A 25% first lease payment secures the stand, with the remaining balance payable over the agreed term. Services will commence once the minimum number of stands in the zone has been achieved.
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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.