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.
