Become part of the visionary Bendor Ext 138 development, a thoughtfully planned mixed-use precinct that brings together residential, institutional, business and lifestyle components. The development will feature a private estate, psychiatric hospital, botanical reserve and indigenous garden, creating a well-balanced environment designed for long-term growth.
This 2.03-hectare vacant land is zoned Institution and enjoys a prominent position opposite Thornhill Estate, with convenient access to major transport routes and surrounding amenities. The Institutional zoning provides exceptional flexibility, making it suitable for a wide range of developments, including medical facilities, churches, tertiary education campuses, and training centers.
Opportunities to acquire institution-zoned land in Polokwane are increasingly limited, making this an exceptional investment for developers and owner-occupiers looking to create a purpose-built facility tailored to their specific vision.
Development Highlights
• 2.03 ha vacant land
• Institutional zoning
• 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
• Well-positioned, high visibility and traffic, with convenient access to surrounding amenities and major routes
• Specific Amended Conditions are available for this development
Leasehold Title
This land parcel is available under Leasehold Title for 49.75 years, renewable in perpetuity, and registered against the Title Deed in the Deeds Office. A minimum initial lease payment of 25% is required, with the remaining balance subject to a monthly land lease calculated at 8% per annum of the outstanding land value (based on a maximum of 75% of the market value).
Owners may develop, finance, improve, lease or sell their leasehold rights. Subject to the lease agreement terms and applicable conditions, the leasehold rights may also be converted to Freehold ownership in the future.
Whether you are expanding an established organization or developing a new institution from the ground up, this property offers the location, zoning and long-term growth potential to bring your project to life.
VAT Transaction. Sales price excludes VAT.