Reasons to invest in the project Residence 32, Poland I:
The financed three-storey apartment complex is located in Krynica-Zdrój, Poland's largest spa resort town;
The experienced owner of the project is HO-BU POLSKA Sp. z o.o. The company successfully manages several buy-to-let projects in Poland, financed on the InRento platform;
Interest is paid monthly with a very attractive annual return of 10% – 10.5%, plus an additional fixed annual return on capital gains: +1.5% (paid at the end of the project);
Fixed interest linked (indexed) to inflation;
The maximum LTV for the whole project is very attractive at 49%;
The independent appraiser valued the financed property at EUR 2,098,750 (using 1 PLN = EUR 0.23);
The potential exchange rate risk is borne by the project owner – HO-BU POLSKA Sp. z o.o.
InRento team presents a new buy-to-let project in Poland called Residence 32, Poland I. The investment offer consists of a three-storey apartment complex with commercial premises on the ground floor located in the largest Polish spa resort town – Krynica-Zdrój.
Krynica-Zdrój, also known as the pearl of Polish spa resorts, is a popular spa tourism and winter sports destination located in the heart of the Beskid Mountains.
The financed property is located in an attractive location, close to the main attractions of the town – in the central part of Krynica-Zdrój. Due to its convenient location and tourist attraction, the new apartments in this town are in great demand. Holiday apartments of 30 – 60 m² are particularly popular. These properties are of interest both for families wishing to live permanently in a quiet location and to people investing in rental properties.
The average price per square metre in this resort is PLN 16,366 (around EUR 3,800), reflecting the upward trend in property prices nationwide.
The total area of the financed project is 1017.30 m². The building was extended and renovated back in 2015. In order to make better use of the financed area, design and redevelopment works will be carried out, after which the apartment complex will have thirteen apartments suitable for both short and long term rentals, one commercial space and twenty-four parking spaces.
The renovation works will use eco-friendly building materials to reduce the environmental impact and modern design solutions. The estimated cost of the renovation works is PLN 1,400,000 (EUR 325,000). The estimated proceeds from the disposal of the property are between PLN 9,800,000 (EUR 2,254,000) and PLN 10,800,000 (EUR 2,484,000).
The owner of the project is HO-BU POLSKA Sp. z o.o. The company has successfully administered several real estate rental projects in Poland financed on the InRento platform.
Investors will be paid a fixed interest rate of 10% – 10.5% per annum each month, depending on the amount invested. This project also has a fixed annual capital growth rate of 1.5% payable at the end of the project. This raises the total yield of this phase from 11.5% to 12% annual return.
The maximum loan duration for this project is only 12 months. The project has a very attractive maximum loan-to-value (LTV) ratio of 49%.