Residential Development Opportunity in a Growing Lifestyle Hub

Secure your next development opportunity within Polokwane Ext 138, a carefully planned development that will incorporate Residential 3, Institutional and Business properties, together with an Estate, Psychiatric Hospital, a Botanical Reserve and an Indigenous Garden.

This 1.4-hectare Residential 3-zoned vacant stand is strategically positioned close to Thornhill Estate and Thornhill Shopping Centre, offering developers the opportunity to invest in one of Polokwane's fastest-growing residential areas.

With its desirable location close to Thornhill Estate, the property is ideally suited to an upmarket residential development. The Residential 3 zoning allows for a density of 44 dwelling units per hectare, making it well suited to security estates, townhouse developments or modern larger cluster complexes.

The Netcare Akeso hospital will create sustained demand for nearby accommodation, presenting an attractive investment opportunity for developments catering to nurses, therapists, administrative personnel and other healthcare professionals who value convenience and proximity to their place of work.

Development Highlights

• 1.4 ha vacant land
• Residential 3 zoning
• Permitted density of 44 dwelling units per hectare, and height of up to four storeys
• Ideal for security estates, townhouse developments and larger cluster housing complexes
• Bulk services to be installed in phases or according to the purchaser's request and development timeline
• Municipal rates and taxes are currently at zero, and become payable upon registration of transfer
• Excellent access to surrounding amenities, and major transport routes
• Specific Amended Conditions are available for this development

Leasehold Title

This Land Parcel is available under Leasehold Title for 49 years and 9 months, with at least one renewal period, and registered against the Title Deed in the Deeds Office. A minimum initial lease payment of 25% is required, with the remaining balance attracting a monthly land lease calculated at 8% per annum of the outstanding land value (up to a maximum of 75% of the market value). Owners are free to develop, finance, improve, lease or sell their leasehold rights.

An excellent opportunity for developers and investors looking to secure land within one of Polokwane's newest mixed-use developments.

This is a VAT Transaction. The sales price is Excluding VAT.