Knight Frank is pleased to offer to market for sale 3 Whitestone Drive, Granton – a future industrial development site with significant holding income.

3 Whitestone Drive is conveniently located on the Western side of the River Derwent, just South of the Bridgewater Bridge and with excellent access to the Brooker Highway.

Significant office and warehouse improvements compliment the level site and provide plenty of options for future development. The key property attributes are as follows:

• Leased to Downer EDI (EDI: ASX listed) until September 2024 with options until 2030
• Significant holding income of $236,095 pa* with tenant paying all statutory outgoings
• 18,700 m2* of ‘light industrial’ land low site density allowing for flexibility in future development
• 890 m2* of quality office space, which could be split into multiple tenancies (STCA)
• 3 stand-alone warehouses totaling 750 m2*
• Minimal site coverage
• 30+ car parks to support office use
• Multiple cross overs providing fantastic access points for industrial use
• Hardstand improvements across the majority of site

Very rarely do you see a development site with significant net income. Please contact the selling agents for more information regarding the offering.

For Sale by Expressions of Interest closing Thursday, 9 May 2024 at 4pm (AEST)

*Approximately