Perfectly suited for compact Work-Home-Play development, this 671m2 stand allows for comfortable residential living while supporting home-based business activities. An excellent option for first-time developers or investors.
Secure the stand with a 25% first lease payment, with the remaining balance payable in structured instalments. Services begin once the minimum uptake in the zone is achieved.
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.
