Vacant Land For Sale in Polokwane

Property description

This substantial 20 390m² institutional stand is ideally positioned within Limpopo’s Work-Home-Play precinct, making it well-suited for educational, medical, or community-based developments.
A 25% first lease payment secures the stand, with the remaining 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.