A Development Positioned for Growth
For developers and property investors seeking residential development land in Polokwane, this 1.4-hectare Residential 3 site presents an opportunity to participate in the expansion of Polokwane Ext 138.
The broader development has been planned to incorporate several complementary land uses, including Residential 3, Institutional and Business properties, together with an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden. This creates a development setting extending beyond residential accommodation alone.
The property has convenient access to established residential and retail amenities. Its Residential 3 zoning permits a density of 44 dwelling units per hectare, supporting a variety of residential development concepts subject to the applicable planning parameters and approvals.
The location also benefits from proximity to Netcare Akeso, creating potential residential demand from healthcare professionals, administrative personnel and other employees requiring accommodation close to the hospital.
Whether considered as a standalone development project or as an addition to a broader property portfolio, the site provides developers with defined residential zoning, meaningful development scale and a location within an expanding part of Polokwane.
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 broader development has been planned to incorporate several complementary land uses, including Residential 3, Institutional and Business properties, together with an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden. This creates a development setting extending beyond residential accommodation alone.
The property has convenient access to established residential and retail amenities. Its Residential 3 zoning permits a density of 44 dwelling units per hectare, supporting a variety of residential development concepts subject to the applicable planning parameters and approvals.
The location also benefits from proximity to Netcare Akeso, creating potential residential demand from healthcare professionals, administrative personnel and other employees requiring accommodation close to the hospital.
Whether considered as a standalone development project or as an addition to a broader property portfolio, the site provides developers with defined residential zoning, meaningful development scale and a location within an expanding part of Polokwane.
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.
