Residential Potential In A Dynamic Growth Area
A well-positioned development site can make a significant difference to the viability of a residential project. This 1.4-hectare Residential 3 property in Polokwane Ext 138 places developers within a broader development planned to incorporate residential, institutional and business uses.
The development will include Residential 3 and Institutional properties alongside an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden, creating a broader environment designed to support residential occupation and complementary services.
This property benefits from proximity to established residential and retail amenities. Its Residential 3 zoning permits a density of 44 dwelling units per hectare, making the site suitable for a medium-density residential concept such as townhouses, cluster housing or a secure residential estate.
The presence of Netcare Akeso in the surrounding area also introduces a potential tenant and buyer market among healthcare professionals and support staff who may value accommodation within convenient reach of their workplace.
With its combination of residential zoning, development scale and surrounding amenities, the property offers developers an opportunity to establish a residential project within an area undergoing continued development.
Development Highlights
• 1.4 ha vacant land
• Residential 3 zoning
• Permitted density of 44 dwelling units per hectare, and height of up to four storeys
• Ideal for security estates, townhouse developments and larger cluster housing complexes
• 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
• Excellent access to surrounding amenities, and major transport routes
• Specific Amended Conditions are available for this development
Leasehold Title
This Land Parcel is available under Leasehold Title for 49 years and 9 months, with at least one renewal period, 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.
This is a VAT Transaction. The sales price is Excluding VAT.
The development will include Residential 3 and Institutional properties alongside an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden, creating a broader environment designed to support residential occupation and complementary services.
This property benefits from proximity to established residential and retail amenities. Its Residential 3 zoning permits a density of 44 dwelling units per hectare, making the site suitable for a medium-density residential concept such as townhouses, cluster housing or a secure residential estate.
The presence of Netcare Akeso in the surrounding area also introduces a potential tenant and buyer market among healthcare professionals and support staff who may value accommodation within convenient reach of their workplace.
With its combination of residential zoning, development scale and surrounding amenities, the property offers developers an opportunity to establish a residential project within an area undergoing continued development.
Development Highlights
• 1.4 ha vacant land
• Residential 3 zoning
• Permitted density of 44 dwelling units per hectare, and height of up to four storeys
• Ideal for security estates, townhouse developments and larger cluster housing complexes
• 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
• Excellent access to surrounding amenities, and major transport routes
• Specific Amended Conditions are available for this development
Leasehold Title
This Land Parcel is available under Leasehold Title for 49 years and 9 months, with at least one renewal period, 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.
This is a VAT Transaction. The sales price is Excluding VAT.
Features
Zoning
Sizes
Listing Info
Bendor, Polokwane
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.
