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
Compared with 206 active listings in Bendor.
Insight
Priced 1655% above the local median — and above the typical range for Bendor.
The premium partly reflects the larger land size; buyers should still compare condition, position, zoning and services before deciding.
Similar properties pricing
Key differences
Good value · based on 206 listings
Large at a premium · based on 206 listings
Market depth
206 listings
Similar homes in Bendor
134 days
Median time on market
Many similar homes
Active in Bendor
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, upscale residential suburb in Polokwane known for its modern homes, proximity to major shopping hubs, and a convenient lifestyle perfect for families and professionals.
