Vacant Land For Sale in Polokwane

Property description

This generous 1 032m² stand forms part of Limpopo’s innovative Work-Home-Play precinct, offering the flexibility to create a comfortable residence with space for home-based business activities.
A 25% first lease payment secures the stand, with the balance payable according to the agreed structure. 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.