Vacant Land Residential for sale
Build vibrant modern communities in the growth node of Polokwane Ext 138 — a 13,258m² development-ready site offering a renewable 49.75-year notarial lease with freehold option.
Polokwane Ext 138 – Developer-Friendly Leasehold Site
An exceptional 13,258m2 site in a growth node of Polokwane, ideal for residential development. Zoned Residential 3, this property is perfect for modern townhouses, apartment blocks, or multi-unit communities. Leasehold status offers an accessible entry point for developers, allowing planning and construction momentum, with future freehold conversion available.
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.
Listed for sale at R11,932,200
How does this home’s price compare with similar properties?
Insight
Larger than typical plots in Bendor — priced R 900/m² vs R 1,438/m² typical.
Compared with 83 homes (199 listings) in Bendor.
The premium partly reflects the larger land size; buyers should still compare condition, position, zoning and services before deciding.
MyProperty Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal.
Bendor is a sought-after, modern residential suburb in Polokwane known for its convenient proximity to major shopping hubs, reputable schools, and a high quality of suburban living.
