Aldi Supermarket, 35-41 Parnell Street, Dublin

This retail unit, let to Aldi Supermarket in Dublin, was acquired on behalf of an overseas investor in Jan 12 for €4.5m, reflecting an initial return of approx 8%. Aldi (Stores) Ireland Ltd, entered into a 25 year lease, on FR&I terms in July 1998. The lease incorporated 5 year upward only rent reviews, at a passing rent of €386,500 pax.