Reasons to invest in the project A19, Vilnius I:
Lofts in an attractive area - in the center of Vilnius;
Fixed, attractive annual rental income;
The fixed interest is indexed to inflation;
Variable capital gains;
The premises were appraised by an independent valuer at 347 000 EUR
The project owner is an experienced real estate administrator.
The “InRento“ team is introducing a new buy to let investment opportunity: A19, Vilnius I. The investment offer consists of administrative premises, which are currently being converted into studio apartments/lofts. In this way, the aim is to increase the rental income of this real estate project.
The premises are located in the central part of the city, at Algirdo str. 19, Vilnius (in one of the most promising districts of Vilnius - Naujamiestis). It is worth mentioning that Vilnius City Municipality has started renovating the entire Algirdo Street. Reconstruction works include the renovation of the carriageway, pedestrian sidewalks, surface sewage networks, and the construction of new cycle paths (investment amounts to more than EUR 3 million).
117.84 m² premises consist of seven cabinets, which are converted into seven studio lofts with separate kitchens and bathrooms. Additionally, to this area, common areas are added. Just like studios, common areas are also being refurbished.
The project owner will pay a fixed annual interest (as a return on rent) to investors. Annual interest rate: 7-7.5% depends on the amount invested (more information below). This project also has a variable capital gain potential. If the assets are sold at a higher price than they were acquired, the capital gain will be distributed proportionally between the investors, the project owner, and InRento (more information below).
The loan term is 36 months.