THE Oaks airport, built for World War II and now a privately owned aerodrome, has been listed for sale for the first time in 44 years.
Savills agents Tom Tuxworth, Nick Lower, Nick Tuxworth and Michael Fenton are marketing the 40.62-hectare site is located at 995 Burragorang Rd, around 80 kilometres south-west of the Sydney CBD.
Constructed in 1942 as a satellite field of Camden Airport, at the time a major operational base and RAAF station. It was built with a sealed 1.500 metre runway and could function as a dispersal base to hide aircraft should the major base in Sydney come under attack.
Today, the airport caters mostly to recreational aircraft and fight training and is home to the Sydney Recreational Flying Club. It is the greater Sydney satellite airport constructed during the war to still be used for aviation activities.
The Oaks is one of four commercially licensed airports in the Sydney Basin.
“We are expecting a wide range of interest from local and offshore developers, land bankers, private high net worth families, aviation operators and logistics companies,” Tom Tuxworth said.
“With alternate investments being looked at closely by many buyer groups on the back of a softening bond market and volatile stock exchange, we are excited to see the types of buyers investigate this opportunity further.”
Nick Lower said land values across western Sydney are continuing to accelerate, driven largely by significant levels of demand, a shortage of available serviced land and a lack of investment stock being brought to market.