Get the app today! App Store Play Store

Aldi Parnell Street Sold In €5.8 Million Deal

Published on Mar 25 2015 9:34 AM in Retail

Aldi Parnell Street Sold In €5.8 Million Deal

The Aldi outlet on Parnell Street, Dublin, has been sold for €5,825,000 by Israeli businessman Igal Ahouvi, according to the latest reports from The Irish Times. Ahouvi bought the Aldi property four...

The Aldi outlet on Parnell Street, Dublin, has been sold for €5,825,000 by Israeli businessman Igal Ahouvi, according to the latest reports from The Irish Times.

Ahouvi bought the Aldi property four years ago for an estimated €4.5 million, paying a current rent of €386,500 (€29 per square foot).

The property was sold to a private investor, who TWM selling agent Sean O’Neill in an interview with the paper, said became interested in the property as a “hassle-free investment with an attractive return relative to deposit rates”.

Ahouvi’s other purchased grocery properties include an Aldi in Sandyford for €7.7 million, a Tesco in Roscrea for €12.5 million and a Tesco in Gorey for €21 million.

© 2015 - Checkout Magazine by Hannah Popham.

Share on Facebook Share on Twitter Share on LinkedIn Share via Email