Commercial for sale in Magna Via

N1 Industrial Park is a booming industrial development situated on the Eastern side of Polokwane. Easily accessible from the N1 bypass coming from the North or the South, the R101 heading towards Louis Trichardt and the R81 to Tzaneen. In close proximity to Polokwane International Airport, as well as a large labour pool.

This vacant industrial land is zoned for Industrial II, and available either through a normal Freehold Sale or by the cashflow-saving-option of a Leasehold Title. The selling price excludes VAT and is exactly the same price as offered by the developer.

Option 1: Purchase of land by Freehold title. Current prices, location and availability are as indicated in the layout and pricelists included in the photos.

Option 2: The vacant land is also available under Leasehold Title for 90 years, renewable in perpetuity. Minimum first lease payment of 25% is required. Thereafter monthly land lease payments are 8% per annum of the ‘balance'.

The ‘balance’ is calculated as follows: The market value of the land less the first (min. 25%) lease payment. (ie: based on a max. of 75% of the land value) This calculation will always exclude the value of any buildings or improvements which clients may make to the industrial land. The annual amount is divided into 12 equal monthly payments.

More information can be requested, just send a quick reply by clicking on the "Send Message" button to the right.

For exceptional service contact Leone Vorster and Cecile Janse van Vuren, your local Keller Williams property professionals in the area.

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Polokwane, formerly known as Pietersburg, is situated in the Limpopo province. It is only a three-hour drive from Johannesburg and it serves as a starting point for many travelers to some of South Africa’s most well-known tourist attractions.
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commercial listed on 19 May 2021