A Smart Investment in a Growing Mixed-Use Development
Position your next development within the new Bendor Ext 138, a mixed-use precinct that will include Residential 3, Institutional and Business developments, as well as an Estate, a Psychiatric Hospital, a Botanical Reserve and an Indigenous Garden.
This 1.72 ha vacant land is zoned Residential 3 and is located near Baobab Gardens, offering an excellent opportunity for residential development in a well-planned growth area.
Development Highlights
• 1.72 ha vacant land
• Residential 3 zoning
• Bulk services to be installed in phases or according to the purchaser's request and development timeline
• Municipal rates and taxes are currently at zero, and become payable upon registration of transfer
• Well-positioned with convenient access to surrounding amenities and major routes
• Specific Amended Conditions are available for this development
Leasehold Title
This Land Parcel is available under Leasehold Title for 49.75 years, renewable in perpetuity, and registered against the Title Deed in the Deeds Office. A minimum initial lease payment of 25% is required, with the remaining balance attracting a monthly land lease calculated at 8% per annum of the outstanding land value (up to a maximum of 75% of the market value). Owners are free to develop, finance, improve, lease or sell their leasehold rights. Subject to the terms of the lease agreement, the property may also be converted to Freehold ownership once the relevant conditions have been met.
An excellent opportunity for developers and investors looking to secure land within one of Polokwane's newest mixed-use developments.
This is a VAT Transaction. The sales price is Excluding VAT.
This 1.72 ha vacant land is zoned Residential 3 and is located near Baobab Gardens, offering an excellent opportunity for residential development in a well-planned growth area.
Development Highlights
• 1.72 ha vacant land
• Residential 3 zoning
• Bulk services to be installed in phases or according to the purchaser's request and development timeline
• Municipal rates and taxes are currently at zero, and become payable upon registration of transfer
• Well-positioned with convenient access to surrounding amenities and major routes
• Specific Amended Conditions are available for this development
Leasehold Title
This Land Parcel is available under Leasehold Title for 49.75 years, renewable in perpetuity, and registered against the Title Deed in the Deeds Office. A minimum initial lease payment of 25% is required, with the remaining balance attracting a monthly land lease calculated at 8% per annum of the outstanding land value (up to a maximum of 75% of the market value). Owners are free to develop, finance, improve, lease or sell their leasehold rights. Subject to the terms of the lease agreement, the property may also be converted to Freehold ownership once the relevant conditions have been met.
An excellent opportunity for developers and investors looking to secure land within one of Polokwane's newest mixed-use developments.
This is a VAT Transaction. The sales price is Excluding VAT.
Features
Zoning
Sizes
Listing Info
Bendor, Polokwane
- Street map
Finance
Total Amount Repayable
R0,00
Monthly Repayment
R0,00
Calculators:
Disclaimer
While every effort will be made to ensure that the information contained within the Harcourts South Africa website is accurate and up to date, Harcourts South Africa makes no warranty, representation or undertaking whether expressed or implied, nor do we assume any legal liability, whether direct or indirect, or responsibility for the accuracy, completeness, or usefulness of any information. Prospective purchasers and tenants should make their own enquiries to verify the information contained herein.
