Terra Non Migliorata Polokwane

This substantial 14 444m² stand offers excellent potential for developers looking to establish a residential project within a fast-growing precinct.
Secure the stand with a 25% first lease payment. The remaining balance is payable over the agreed term. Services begin 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.