Vacant Land Residential For Sale in Bendor

This 1,541m2 stand zoned Residential 2 offers an excellent opportunity for developers or investors seeking a medium-density residential project in Limpopo’s expanding node. Ideal for townhouses or a small residential complex, the property combines flexibility with strong long-term potential.

A 25% first lease payment secures the stand, with the balance payable according to the agreed plan. 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.