Position your next residential project within Polokwane Ext 138, a substantial development planned around a mix of Residential 3, Institutional and Business properties, complemented by an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden.
This 1.5-hectare vacant land parcel is zoned Residential 3 and occupies a well-positioned site near Thornhill Estate and Thornhill Shopping Centre. The surrounding development framework and established amenities create a practical setting for residential development, with the location particularly suited to projects aimed at the growing Polokwane market.
The Residential 3 zoning permits a density of 44 dwelling units per hectare, providing scope for a range of medium-density residential concepts. The site could accommodate a security estate, townhouse development or cluster housing project, subject to the applicable development parameters and approvals.
The nearby Netcare Akeso hospital adds another dimension to the location, with potential demand for conveniently positioned accommodation among nurses, therapists, administrative personnel and other healthcare professionals.
For developers looking to secure land within a larger planned development, this property provides the zoning, scale and location from which to build a residential project aligned with the area's continued growth.
Development Highlights
• 1.5 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.