12/76 Proudlove Parade, Albany, WA 6330 | Commercial for sale | OnTheHouse
 
FOR SALE
Offers Above $490,000

12/76 Proudlove Parade
Albany WA 6330

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Floor area: 179m2
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INVEST IN THE HEART OF ALBANY

Positioned within Albany's vibrant harbour precinct, this exceptional commercial offering presents an enticing opportunity for savvy investors looking to secure a high-performing, fully-leased asset in one of the region's most high-profile dining destinations.
Unit 12, 76 Proudlove Parade boasts a total of approx. 139sqm of internal floor space and a further approx. 40sqm of alfresco dining area — a key asset for hospitality tenants seeking to capitalise on foot traffic and scenic surroundings.
Currently leased to the locally cherished Chanya Thai Restaurant, this property enjoys consistent patronage from locals and tourists alike. Its position, just a stone's throw from the Albany Entertainment Centre, Albany Visitor Centre and York Street, ensures excellent exposure and accessibility — all underpinned by zoning within the Regional Centre precinct, allowing for a broad range of commercial and retail uses.
Inside, the space is configured to suit food and beverage use, including quality flooring, stylish lighting and functional layout for both front-of-house and back-of-house operations. The welcoming fit-out and seamless flow into the covered alfresco area make it an attractive venue throughout the seasons.
From a long-term investment perspective, the existing tenancy provides a strong and reliable income stream with the added benefit of built-in value from an established hospitality operation in situ. There's also the flexibility to diversify usage in future, given the versatile zoning and prime location.
This property will appeal to investors seeking a solid commercial holding in Albany's growing CBD, where lifestyle and business intersect and the waterfront is fast becoming a hub for dining, culture and tourism.
The property is currently leased under a commercial tenancy. The initial lease now extends to 22nd March 2029 following the tenant's exercise of the second three-year option, with one further three-year option remaining, offering strong continuity for prospective buyers. The current annual rental income is $31,200 (GST-free), paid monthly in advance, with the tenant paying outgoings including rates/taxes/strata levies/utility costs, ensuring a reliable and consistent income stream from a proven hospitality operator in this high-traffic location.
** Please note – inspections by Appointment Only + with a minimum of 72 hours' notice.
What you need to know:
• Leased until 22nd March 2029 with one further three-year option
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Property Details for 12/76 Proudlove Pde, Albany

Building Type
Commercial
Floor Size
179m2
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About Albany 6330

The size of Albany is approximately 2.4 square kilometres. It has 6 parks covering nearly 8.1% of total area. The population of Albany in 2016 was 1313 people. By 2021 the population was 1403 showing a population growth of 6.8% in the area during that time. The predominant age group in Albany is 60-69 years. Households in Albany are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albany work in a professional occupation.In 2021, 66.80% of the homes in Albany were owner-occupied compared with 61.70% in 2016.

Albany has 1,367 properties. Over the last 5 years, Houses in Albany have seen a 90.02% increase in median value, while Units have seen a 67.88% increase. As at 31 October 2025:

  • The median value for Houses in Albany is $741,479 while the median value for Units is $368,253.
  • Houses have a median rent of $570 while Units have a median rent of $360.
There are currently 19 properties listed for sale, and 6 properties listed for rent in Albany on OnTheHouse. According to Cotality's data, 47 properties were sold in the past 12 months in Albany.

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Jeremy Stewart
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Stephanie Del Borrello
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