Situated in the fast-growing Bendor Ext 126, this 11 768 sqm development stand offers an excellent opportunity for investors and developers looking to establish a residential development in a high-demand area.
The property is ideally suited for a townhouse complex or apartment development, providing ample space for a well-planned residential project with strong income-generating and long-term appreciation potential.
Services installation will commence once the minimum required number of stands has been sold, giving developers sufficient time to complete planning, designs, approvals, and project preparations before development begins.
The property is available on a leasehold basis and can be secured with a 25% upfront payment. The lease term can extend up to 49.75 years and may be renewed as a registered notarial lease at the Deeds Office. Buyers will also benefit from the future option to convert the property to freehold ownership once the developer has finalised the freehold purchase.
Key Investment Highlights:
11 768 sqm development land
Ideal for townhouse or apartment development
Located in the expanding Bendor Ext 126
Flexible leasehold structure with 25% upfront payment
Lease term of up to 49.75 years
Future freehold conversion option
Excellent development and investment potential
A rare opportunity to secure sizeable development land in one of Polokwane’s growing residential areas, offering flexibility, scalability, and strong future value potential.