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Embrace Work-Home-Play living in Limpopo’s vibrant Polokwane precinct — a generous 1,088 m² stand with a secured 49.75-year notarial lease, convertible to freehold.
This 1 088m2 stand offers a valuable opportunity to establish a home within Limpopo’s dynamic Work-Home-Play environment.
The property is secured with a 25% first lease payment. The remaining balance is structured according to the agreed payment plan. Services commence once minimum sales levels are achieved.
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.
* Monthly costs are estimates and should be confirmed with the agent.
Listed for sale at R1,849,600
MyProperty Benchmark Indicator: Data-driven comparison vs similar active properties
Based on 234 listings in Bendor
Insight
Priced above the median for similar land listings in the area. Land size is 12% larger than typical for similar land.
Similar properties pricing
Key differences
Market depth
234 similar listings
High similar land inventory in Bendor
Median time on market: 60 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.
