12/76 Proudlove Parade

Albany WA 6330

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- 139sqm internal commercial floor space- 40sqm alfresco dining area- Securely leased to a thriving local restaurant- Located within Albany's waterfront cultural precinct- Regional Centre zoning - broad commercial potential- Excellent foot traffic and visual exposure- Well-maintained interior with functional layout- Walk to entertainment, retail, tourism and civic amenities- Council Rates: $3,031.13- Water Rates: $1,957.71- Strata Levies: $4,093.32- Annual Rental Income: $31,200