Vacant Land For Sale in Polokwane

Property description

This 1 181m² stand offers a well-balanced opportunity for modern residential living within a mixed-use development environment.
Secure with a 25% first lease payment. The remaining balance is payable according to the agreed plan. Services begin once minimum uptake is reached.

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.