Position your next residential development within the exciting new Polokwane Ext 138, a master-planned mixed-use precinct designed to incorporate Residential 3, Institutional and Business developments, together with an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden.
This 2.6-hectare vacant land parcel is zoned Residential 3 and enjoys a prime location near Thornhill Shopping Centre, and Thornhill Estate, placing it within one of Polokwane's emerging high-end residential growth corridors.
The property's proximity to Thornhill Estate enhances its premium appeal, making it well suited to an upmarket residential development. Residential 3 zoning permits a density of 44 dwelling units per hectare, creating an excellent opportunity to develop a secure estate, townhouse development or larger cluster complexes.
The Netcare Akeso hospital within the precinct will generate ongoing accommodation demand, providing an opportunity to attract not only medical practitioners, but also nurses, therapists, administrative staff and other healthcare professionals seeking quality housing close to their workplace.
Development Highlights
• 2.6 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.
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.