Lease Equity has sold the office complex at 112 Chruchill Avenue in Subiaco for $1.38 million.
The sale reflects a passing yield of 6.15 per cent, indicating the underlying redevelopment potential of the site, according to Lease Equity managing director Jim Tsagalis.
"There was strong demand for the asset with more than 50 interested parties registering their interest." Mr Tsagalis said.
The office building is located close to public transport, cafes and other amenities in the heart of Subiaco.