Shape the Future of Institutional Development

Become part of the visionary Polokwane Ext 138 development, a thoughtfully planned mixed-use precinct that brings together residential, institutional, business and lifestyle components. The development will feature a private Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden, creating a well-balanced environment designed for long-term growth.

This 2.03-hectare vacant land is zoned Institution and enjoys a prominent position opposite Thornhill Estate, with convenient access to major transport routes and surrounding amenities. The Institutional zoning provides exceptional flexibility, making it suitable for a wide range of developments, including Medical Facilities, Churches, Tertiary Education Campuses, and Training Centers.

Opportunities to acquire institution-zoned land in Polokwane are increasingly limited, making this an exceptional investment for developers and owner-occupiers looking to create a purpose-built facility tailored to their specific vision.

Development Highlights

• 2.03 ha vacant land
• Institutional zoning
• 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
• Well-positioned, high visibility and traffic, with convenient access to surrounding amenities and major 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 subject to a monthly land lease calculated at 8% per annum of the outstanding land value (based on a maximum of 75% of the market value). Owners may develop, finance, improve, lease or sell their leasehold rights.

Whether you are expanding an established organization or developing a new institution from the ground up, this property offers the location, zoning and long-term growth potential to bring your project to life.

VAT Transaction. Sales price excludes VAT.