Vacant Land Residential for sale at 43246 Grobler Street Side
Create vibrant urban living in Polokwane’s growing corridor, close to CBD amenities — 15,149m² Residential 3 site ideal for townhouses/apartments, on a renewable 49.75‑year lease convertible to freehold.
Polokwane Ext 138 – Residential Project Potential
This expansive 15,149m2 leasehold land in Polokwane is designed for forward-thinking developers. With Residential 3 zoning, the site is suitable for townhouses, apartments, or other multi-unit residential schemes. Leasehold ownership provides immediate development opportunity, while eventual full title transfer secures long-term investment.
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 R13,634,100
How does this home’s price compare with similar properties?
Insight
Larger than typical plots in Bendor — priced R 900/m² vs R 1,438/m² typical.
Compared with 83 homes (196 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.
