FOR SALE
From $499,000

12/76 Proudlove Parade Parade
Albany WA 6330

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UNIQUE INVESTMENT OPPORTUNITY IN ALBANY CBD

*Operational cafe in the heart of the Albany CBD.
*Currently leased to a quality operator with solid lease.
*Situated next to the TransWA bus drop off point, great exposure to tourists.
*Ability to purchase adjoining 3 bed and 2 bath townhouse for management.
*Offered well below replacement cost, don't miss out!
*Freehold only, does not include business; https://chanyathai.com.au
Welcome to a unique investment opportunity in the vibrant heart of Albany CBD! Presenting an operational cafe with incredible potential.
🏢 Prime Location: This cafe is strategically located next to the TransWA bus drop-off point, ensuring excellent exposure to both locals and tourists alike. Take advantage of the high foot traffic and make your mark in the bustling Albany CBD.
🤝 Solid Lease with Quality Operator: Currently leased to a quality operator with a robust lease agreement, providing stability and a reliable income stream. This is an investment you can trust.
🌐 Tourist Hotspot: The proximity to the TransWA bus drop-off makes this cafe an ideal stop for tourists exploring Albany. Capitalize on the tourism traffic and elevate your business to new heights.
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Property Details for 12/76 Proudlove Parade Parade, Albany

Building Type
Commercial

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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 2011 was 1,463 people. By 2016 the population was 1,310 showing a population decline of 10.5% 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 2011, 60.3% of the homes in Albany were owner-occupied compared with 61.7% in 2016.

Albany has 1,365 properties. Over the last 5 years, Houses in Albany have seen a 71.47% increase in median value, while Units have seen a 40.72% increase. As at 30 November 2024:

  • The median value for Houses in Albany is $599,366 while the median value for Units is $260,229.
  • Houses have a median rent of $500 while Units have a median rent of $340.
There are currently 25 properties listed for sale, and 5 properties listed for rent in Albany on OnTheHouse. According to CoreLogic's data, 45 properties were sold in the past 12 months in Albany.

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