2/52-54 Memorial Avenue, Blackwall NSW 2256

Factory/warehouse | 221m² internal | 1,439m² block | Vacant possession | Auction sale This property presents a competitively strong industrial holding due to its significant land component relative to building footprint. The 1,439 square metre block with a 221 square metre building offers immediate functional utility and substantial value in future expansion or site reconfiguration. It serves an owner-occupier seeking a operational base with land reserve or an investor targeting a tenant needing yard space and basic covered storage. The vacant status allows for immediate occupation or lease structuring without incumbent tenant complications. Proceed with a disciplined price ceiling based solely on replacement cost and functional yield, as the guiding prices indicate a premium for potential. The primary risk is overpaying for latent land value in an unproven industrial locale without comparable sales evidence. The opportunity lies in securing a below-replacement-cost operational asset; if the auction exceeds a rational land-plus-improvements valuation, withdraw. Acquire for hold and use, not speculation.