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Create vibrant community living in fast-growing Bendor Ext 126, Polokwane — expansive 17,701 sqm for townhouse or apartment projects with communal gardens and lease-to-freehold flexibility.
Positioned in the rapidly expanding Bendor Ext 126, this 17 701 sqm development site presents an outstanding opportunity for investors and developers looking to capitalise on the growing demand for residential accommodation in the area.
The property is ideally suited for a townhouse complex or apartment development, with ample space to maximise density and long-term rental or resale returns. The area’s continued growth and strong residential demand make this an attractive addition to any property investment portfolio.
Services installation will commence once the minimum number of stands has been sold, allowing investors sufficient lead time for planning approvals, development design, feasibility studies, and project preparation.
The property is offered on a leasehold basis with flexible entry terms, requiring only a 25% upfront payment. The lease can be secured for up to 49.75 years and renewed as a registered notarial lease at the Deeds Office. An added advantage is the future option to convert to freehold ownership once the developer has finalised the freehold acquisition.
Key Investment Highlights:
17 701 sqm development land
Ideal for apartments or townhouse development
Located in the fast-growing Bendor Ext 126
Flexible leasehold structure with 25% upfront payment
Lease term of up to 49.75 years
Future freehold conversion option
Excellent long-term growth and income potential
An excellent opportunity for forward-thinking investors and developers seeking scale, flexibility, and future value appreciation in one of Polokwane’s expanding residential nodes.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R15,674,236
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 218 listings in Bendor
Insight
Priced above the median for similar land listings in the area. On a price-per-land-m² basis, it is 46% below the median. Land size is 1533% larger than typical for similar land.
Similar properties pricing
Key differences
Market depth
218 similar listings
High similar land inventory in Bendor
Median time on market: 87 days
* Insights are based on current active listings (excludes sold data) and may change. This is not a valuation or appraisal. Smart Property Insights Model v1.0
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Bendor is a sought-after, upscale residential suburb in Polokwane known for its modern homes, proximity to major shopping hubs, and a convenient lifestyle perfect for families and professionals.
* Distances and amenities are approximate.
