The building currently housing the Aldi store in Parnell Street in Dublin has been sold to an Israeli businessman for €4.5 million.
The investment will show a net initial yield of 7.9%, according to Jacqueline Fitzpatrick of selling agents Savills.
The sale was carried out at the request of Kieran Wallace of KPMG, who is receiver to a subsidiary company of South Dublin Construction.
The 1,215sq m (13,078sq ft) supermarket is let to Aldi on a 25-year lease with about 13 years to run. The next upwards-only rent review is due in 2013.
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Earlier this year the same Israeli investor paid around €13 million for a newly opened Tesco store in Roscrea. That deal is showing a return of 7%.
