4 Bailey Road
Cockatoo, VIC 3781

Overview

Secure income + smart growth earn while you bui...

This unique property offers a rare opportunity to secure immediate rental income combined with promising future lifestyle potential, all situated within easy walking distance of the vibrant Cockatoo township, including shops, schools, and transport facilities.

The property currently benefits from a secure lease to a long-established veterinary clinic, generating approximately $4,000 per month, equating to $48,000 annually, with fixed annual increases ensuring a steady income stream.

Beyond the current income, the expansive landholding of 4,114 square meters presents significant future upside. There is potential for the addition of a tiny home or a small secondary dwelling, subject to council approval (STCA), which could add an additional rental income of $300 to $400 per week.

One of the standout features of this property is its dual zoning status, encompassing both Commercial 1 and Low Density Residential zoning. This dual zoning, coupled with the adjoining public conservation land, provides a level of flexibility rarely found in a single property, allowing for diverse uses and development opportunities.

Located in the heart of Cockatoo, the property is conveniently positioned just moments from local shops, cafes, schools, and transport links, making it an attractive option for both investors and future residents.

Compared to a typical suburban house priced around $1.6 million, which often represents a financial drain, this property is designed to work for you. It generates income from day one while offering the potential for long-term capital growth, making it a smart investment choice for those seeking both security and future lifestyle benefits.

Location