Position Your Next Development for Success
Become part of the new Bendor Ext 138 Development, a mixed-use precinct planned to accommodate an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden, it will also include a selection of Residential 3, Institutional and Business developments.
This 1.63 ha vacant land parcel is zoned Residential 3 and is situated near Baobab Gardens, providing developers with an opportunity to establish residential projects within a carefully planned development node.
Development Highlights
• 1.63 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 subject to a monthly land lease calculated at 8% per annum of the outstanding land value (based on a maximum of 75% of the market value).
Owners may develop, finance, improve, lease or sell their leasehold rights. Subject to the lease agreement terms and applicable conditions, the leasehold rights may also be converted to Freehold ownership in the future.
An opportunity for developers and investors seeking strategically positioned Residential 3 development land within a growing mixed-use precinct.
This is a VAT Transaction. Sales price excludes VAT.
This 1.63 ha vacant land parcel is zoned Residential 3 and is situated near Baobab Gardens, providing developers with an opportunity to establish residential projects within a carefully planned development node.
Development Highlights
• 1.63 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 subject to a monthly land lease calculated at 8% per annum of the outstanding land value (based on a maximum of 75% of the market value).
Owners may develop, finance, improve, lease or sell their leasehold rights. Subject to the lease agreement terms and applicable conditions, the leasehold rights may also be converted to Freehold ownership in the future.
An opportunity for developers and investors seeking strategically positioned Residential 3 development land within a growing mixed-use precinct.
This is a VAT Transaction. Sales price excludes 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.
