Vacant Land Residential for sale at 43247 Grobler Street Side
Design a thriving residential precinct close to Polokwane's expanding amenities, on 38,560m² leasehold zoned Residential 3 — ideal for townhouses or apartments, with renewable notarial lease and future freehold option.
Polokwane Ext 138 – Large Leasehold Development
Opportunity knocks with this 38,560m2 leasehold property in a rapidly growing Polokwane node. Residential 3 zoning allows for a variety of residential options, from townhouse communities to apartment-style complexes. Developers can begin planning and construction while the leasehold structure facilitates future conversion to full title ownership
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 R32,776,000
Compared with 206 active listings in Bendor.
Insight
Priced 1692% 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.
