Unimproved Land Polokwane

Polokwane Ext 138 – Developer-Friendly Leasehold Site
An exceptional 13,258m² site in a growth node of Polokwane, ideal for residential development. Zoned Residential 3, this property is perfect for modern townhouses, apartment blocks, or multi-unit communities. Leasehold status offers an accessible entry point for developers, allowing planning and construction momentum, with future freehold conversion available.

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.