Become part of the new Polokwane Ext 138 Development, a mixed-use precinct planned to accommodate an Estate, Psychiatric Hospital, Botanical Reserve and Indigenous Garden, it will also include a selection of Residential 3, Institutional and Business developments.
This 1.63 ha vacant land parcel is zoned Residential 3 and is situated near Baobab Gardens, providing developers with an opportunity to establish residential projects within a carefully planned development node.
Development Highlights
• 1.63 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
• Well-positioned 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 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 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.
An opportunity for developers and investors seeking strategically positioned Residential 3 development land within a growing mixed-use precinct.
This is a VAT Transaction. Sales price excludes VAT.