This 1,258m2 stand under a 49.75-year renewable Notarial Lease is ideal for developers or homeowners seeking a secure plot in a growing neighborhood. The stand provides ample space for creative design.
A 25% first lease payment secures the stand; balance payable according to the agreed plan.
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.
