Vacant Land Residential for sale at 43248 Grobler Street Side
Create vibrant community living minutes from Polokwane amenities in fast-growing Ext 138 — 20,026m² leasehold with Residential 3 zoning and scope for communal gardens.
Polokwane Ext 138 – Prime Residential Development Opportunity
Set in a rapidly expanding area of Polokwane, this 20,026m2 leasehold site provides developers with flexibility and potential. Residential 3 zoning allows for a housing complex, townhouses, or apartments. Leasehold tenure ensures immediate development access, with future transfer to full ownership possible once approvals and land purchase are completed.
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 R18,023,400
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 (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.
