The upmarket Johannesburg suburb of Illovo
will soon to be home to a landmark 20-storey executive apartment building named The Beacon. To be developed by Renprop in conjunction with Probuild, this iconic apartment building will bring chic high rise living to the Illovo precinct with its 240 apartments spread over 20 floors.?3D Rendering of Beacon Towers as seen from the street
The Beacon, to be situated on Rivonia Road, is aptly named as it will be located on the highest geographical point in the area. The height of the land, coupled with the fact that it will be the highest apartment building in the area, means that The Beacon will undoubtedly be a landmark structure for Illovo. “Its elevated positioning will also ensure that its residents enjoy some of the most incredible views,” says Chris Renecle, MD of Renprop.
Launching to the public in September, The Beacon is well situated close to the business and entertainment hub of Sandton. As Illovo is also developing into an up-and-coming office node, Renecle believes that The Beacon will cater to the increased demand for apartment living in the area.
Apartments at The Beacon are ideally suited to executives working in the Sandton/Illovo area, as well as investors who are looking to benefit from capital growth as well as rental income. “Aside from those who want to live close to their place of work, there is also a strong rental demand in the Illovo area due to its excellent positioning between Sandton and Rosebank,” says Renecle. “This location provides unrivalled access to amenities from shops and schools to public transport such as the Gautrain and medical facilities.”
The Art Deco style building will include a combination of one- and two-bedroom apartments as well as exclusive penthouses. Communal facilities will comprise a clubhouse, a boardroom facility, gym, swimming pool and concierge service. Residents will also have access to secure basement parking.
Russel Peach, Divisional Manager of Renprop Residential Projects, notes that The Beacon will be one of the best priced apartments in the greater Sandton node, with one-bedroom units selling from approximately R1.5million and the two-bedroom apartments priced from around R2.2million.