Vacant Land Residential for sale at 43241 Krugersburg 993 Ls
Establish a community-focused campus in Limpopo’s Work-Home-Play precinct, ideal for schools, clinics or community hubs. Generous 20,390 m² stand with renewable 49.75-year notarial lease and freehold conversion option.
This substantial 20 390m2 institutional stand is ideally positioned within Limpopo’s Work-Home-Play precinct, making it well-suited for educational, medical, or community-based developments.
A 25% first lease payment secures the stand, with the remaining balance payable according to the agreed structure. Services commence once the minimum number of stands in the zone are sold.
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 R15,292,500
How does this home’s price compare with similar properties?
Insight
Larger than typical plots in Bendor — priced R 750/m² vs R 1,438/m² typical.
Compared with 87 homes (205 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.
