Situated within the rapidly expanding Bendor Ext 126, this 14 158 sqm development stand presents a prime opportunity for investors and developers seeking to establish a residential project in a high-demand growth node.
The property is ideally suited for a townhouse complex or apartment development, offering substantial space for a well-planned residential scheme with strong long-term rental demand and capital appreciation potential.
Services installation will commence once the minimum required number of stands has been sold, providing developers with valuable time to complete all necessary planning, design, approvals, and feasibility work prior to construction.
The property is offered on a leasehold basis and can be secured with a 25% upfront payment. The lease term can extend up to 49.75 years and is renewable as a registered notarial lease at the Deeds Office. There is also a future option to convert the property to freehold ownership once the developer has finalised the freehold acquisition.
Key Investment Highlights:
14 158 sqm development land
Ideal for townhouse or apartment development
Located in the growing Bendor Ext 126
Flexible leasehold structure with 25% upfront payment
Lease term of up to 49.75 years
Future freehold conversion option
Strong residential growth and investment potential
A rare opportunity to secure sizeable development land in one of Polokwane’s most active residential expansion areas, offering flexibility, scale, and excellent long-term value potential.