Take advantage of the opportunity to develop within Polokwane Ext 138, a landmark development that will feature Residential 3, Institutional and Business properties, together with an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden, creating a well-balanced environment for future growth.
This 1.2-hectare vacant land parcel is zoned Residential 3 and enjoys a prominent location near Thornhill Estate and Thornhill Shopping Centre, placing it in an area poised for continued residential expansion. Its close proximity to Thornhill Estate, the property offers an excellent setting for an upmarket residential development. The Residential 3 zoning permits a density of 44 dwelling units per hectare, making it suitable for security estates, townhouse developments or larger cluster housing projects designed to meet the growing demand for quality residential accommodation.
The Netcare Akeso hospital further enhances the investment potential by generating demand for housing from nurses, therapists, administrative staff and other healthcare professionals seeking accommodation within easy reach of their workplace.
Whether you're planning your next residential estate or expanding your development portfolio, this property offers the location, zoning and long-term growth potential to support a successful project.
Development Highlights
• 1.2 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.