Vacant Land For Sale in Polokwane

Property description

This substantial 17 210m² site offers an excellent opportunity for large-scale residential or mixed-use development within Limpopo’s expanding Work-Home-Play precinct. Ideal for developers looking to create a cohesive project with long-term value.
A 25% first lease payment secures the stand, with the remaining balance payable according to the agreed structure. Services commence once minimum uptake within the zone is achieved.

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.