Vacant Land Commercial for sale
Join a visionary mixed-use precinct with a botanical reserve and indigenous garden, opposite Thornhill Estate — 2.03ha institution-zoned land offering high visibility and transport links.
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
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.
Listed for sale at R15,292,500
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.
