Vacant Land Residential for sale at 43237 Grobler Street Side
Developer-ready opportunity in Polokwane Ext 138, close to urban amenities and transport links. 37,780m² leasehold site with renewable 49.75-year lease — convertible to freehold for multi-unit projects.
Polokwane Ext 138 – Visionary Leasehold Development
This 37,780m2 leasehold site is perfectly positioned for developers with ambition. Zoned Residential 3, the land offers scope for a multi-unit residential development, townhouse complex, or apartment-style community (subject to municipal approvals). The leasehold arrangement allows you to start planning and development while full title transfer is finalized.
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 R32,113,000
How does this home’s price compare with similar properties?
Insight
Larger than typical plots in Bendor — priced R 850/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.
