Vacant Land Commercial for sale
For developers and property investors seeking residential development land in Polokwane, this 1.4-hectare Residential 3 site presents an opportunity to participate in the expansion of Polokwane Ext 138.
The broader development has been planned to incorporate several complementary land uses, including Residential 3, Institutional and Business properties, together with an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden. This creates a development setting extending beyond residential accommodation alone.
The property has convenient access to established residential and retail amenities. Its Residential 3 zoning permits a density of 44 dwelling units per hectare, supporting a variety of residential development concepts subject to the applicable planning parameters and approvals.
The location also benefits from proximity to Netcare Akeso, creating potential residential demand from healthcare professionals, administrative personnel and other employees requiring accommodation close to the hospital.
Whether considered as a standalone development project or as an addition to a broader property portfolio, the site provides developers with defined residential zoning, meaningful development scale and a location within an expanding part of Polokwane.
Development Highlights
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.
This is a VAT Transaction. The sales price is Excluding VAT.
Listed for sale at R13,448,700
Bendor is a premier commercial and residential hub in Polokwane, offering high-visibility retail opportunities and modern office spaces that cater to a growing professional demographic.
