Aldi Sandyford store at €10.75m promises 'pandemic-pr

Aldi Sandyford store at €10.75m promises 'pandemic-proof' 5.1% return


 
The prospect of eight years of secure investment income from the pandemic-proof supermarket sector is expected to see strong interest in the sale of German retailer Aldi’s store in Sandyford, Dublin 18.
At a time when the Bank of Ireland has signalled its intention to apply negative interest rate on accounts holding more than €1 million, the investment may well prove attractive to private Irish investors looking to preserve and enhance their existing wealth. The long leasehold interest in the property is being offered to the market by Patricia Ward and Ryan Tyrell of agent TWM at a guide price of €10.75 million, subject to the Aldi lease. This provides a return of 5.1 per cent after standard costs of 9.96 per cent have been deducted.

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