Linatex House
Linatex House, recently purchased
by JOSHCO and located at 2 Lower
Page Street in New Doornfontein,
Johannesburg Inner City, will yield in
excess of 60 affordable rental units.
This property is presently utilized for
light industrial purposes.
As a result of the high prices for
residential and commercial property
in the Johannesburg Inner City, some
property investors have begun to
look at under-utilized light industrial
property in the southern and the
western parts of the Inner City with
a view to conversion for residential
use.
Although the location of Linatex
House, behind the Jeppe police
station, is not the optimal location
for residential accommodation, it is
in very close walking distance to all
amenities, and residential land uses in
this area will increase sharply as space
within the Inner City becomes even
more scarce. |
