Vacant Land Residential for sale at 43376 Logan Street
Create an urban home base in Polokwane close to city amenities and schools; 228 m² vacant stand on a 49.75‑year renewable notarial lease with build, bond and freehold conversion rights.
This stand is leased for 49.75 years on a renewable Notarial Lease with Deeds Office registration, guaranteeing long tenure. 25% upfront, balance at 7.7% p.a. CPI escalation. Improvements excluded. Build, bond, and resell rights retained; Freehold conversion possible.
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 R407,983
How does this home’s price compare with similar properties?
Insight
Smaller than typical plots in Bendor — priced R 1,789/m² vs R 1,438/m² typical.
Compared with 83 homes (177 listings) in Bendor.
The lower price may partly reflect the smaller land size.
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.
