Now a privately owned aerodrome, the 40.62ha* Oaks Airport is located at 995 Burragorang Road, The Oaks and is approximately 80 kilometres south-west of the Sydney CBD.
According to exclusive sales agents Tom Tuxworth and Nick Lower, along with colleagues Nick Tuxworth and Michael Fenton of Savills Australia, The Oaks Airport is one of only four commercially licensed airports in the Sydney Basin, highlighting the scarcity of offering which provides strong potential for capital growth.
“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, Savills Australia NSW Director of Metropolitan & Regional Sales said.
“100 acres of prime land in this location should be well suited to many astute buyers including Australia leading institutions.
“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,” he continued.
The Oaks airport was 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 only satellite airport constructed during the war in greater Sydney to still be used for aviation activities.
According to Nick Lower, Director, Metropolitan & Regional Sales at Savills Australia, 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.
“While a sale ‘‘as is’’ was possible there was also significant upside for an industrial or residential development, particularly given its proximity to the new Badgery’s Creek Airport.”
“When do buyers have the chance to purchase their own airport in Sydney? We are expecting strong engagement from all parties,” continued Mr Tuxworth.
The property is exclusively for sale through Tom Tuxworth, Nick Lower, Nick Tuxworth and Michael Fenton of Savills Australia.