L4, Vilnius
Reasons to invest in the project L4, Vilnius:
- Modern and premium apartments in a great location - Old Town of Vilnius;
- Fixed interest rate is indexed to inflation;
- Fixed annual return on capital gains (+ 1.5%);
- The building was renovated in 2017;
- The premises were valued by an independent valuer at EUR 255,000;
- The project owner is a highly experienced short-term rental administrator;
The “InRento“ team is introducing a new buy to let investment opportunity: L4, Vilnius. The investment offer consists of apartments located in the heart of Vilnius Old Town, address: Liejyklos str. 4, Vilnius. These modern 69.49 m² apartments are located just 500 meters from Vilnius Cathedral, 300 meters from the main night-life street and 750 meters from the Vilnius Town Hall.
UAB “Ryto Projektas“ - the manager of the company, Daumantas Mikučionis, manages and administrates tens of apartments in the Vilnius old town under his brand name Domillion. You can find thousands of reviews on him via Airbnb.
The project owner will pay a fixed annual interest (as a rental return) to investors. The annual interest rate: 6.25% - 6.75% depends on the amount invested (more information below). This project also has a fixed percentage of capital gains. Investors earn fixed a 1.5% return on capital gains per year, which raises the overall return on the project to at least 7.75% per annum.
The capital gains are fixed and payable together with the repayment of the loan amount for the preceding instalments ("Instalment"), with the return for each successive Instalment being added to the calculation of the return. The Instalment shall be considered as per one calendar year. A fixed increment of 1.5% shall be applied to the Instalment.
Example calculation: If the Loan is repaid after one year, a fixed return of 1.5% applies. If the Loan is repaid after two years, a fixed return of 3.0% applies. If the Loan is repaid after three years, a fixed return of 4.5%. The profit margin is payable whether or not the Loan is repaid on sale of the property.
2021-12-27
We would like to inform you, that the mortgage on the L4, Vilnius assets has been successfully placed (document is attached in the documents section).
If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427.
InRento team
2021-12-17
Due to the delay in the registration of the mortgage, the final registration was moved to January 2022. However, because we care and represent the best interests of our investors, starting from 17 December 2021 (including) till the registration of the mortgage of the Assets with the public register shall apply fixed interest rate. From the date of registration of the mortgage of the Assets, the interest set out in the “Interest” section of the Special Terms shall accrue and be applied, as well as the capital gains set out in the “Capital Gains: section.
We'll inform you about the finalisation of mortgage registration.
If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427.
InRento team
