Set in a peaceful and prestigious cul-de-sac setting in tightly held Padstow Heights, this property presents a rare opportunity to secure a large parcel of land on the water's edge. Capture the magic of this setting and build your dream home on the wonderful 1,100m2 block, and enjoy the peace and tranquility that this location offers for years to come. Alternatively, the existing two bedroom cottage is able to be rented out for approximately $250/week - while you get your plans approved, or a wonderful long term investment with huge potential for capital growth. Do not miss this rare and unique offering! For further details or to arrange an inspection, please phone Todd Owsnett on 0404 429 103.