Reasons to invest in the project S35, Kaunas III:
The medical facilities are in the city center;
Long term: 10-year rental contract (tied to inflation);
The tenant is investing in the facilities 80,000 EUR;
Attractive rental yield;
The premises have been independently valued at 317,000 EUR (updated);
The owner of the project is an experienced real estate administrator.
The “InRento“ team is launching the third and last stage of the buy to let investment opportunity located in Kaunas, Lithuania - S35, Kaunas III. The investment case consists of two medical facilities located in the city center at the address: Šiaulių st. 35, Kaunas (referred to as S35, Kaunas III). The medical facilities are just 2 minutes away by walk from the bus and the train stations.
The Risk Rating for this project is A. The usage of the premises (according to the Registry Center) is medical. Kaunas has a shortage of medical usage facilities inside the city. The total area of the premises is 177.19 m² (106.6 m² and 76.59m²).
The premises are currently in the final stages of installation. The tenant will complete the interiors by investing at least EUR 80,000. The project owner has established a 10-year rental contract with the medical clinic, which is indexed to inflation and is valid until 2031-07-15.
The annual interest rate for investors: 6.04% (investors have been receiving interest on their accounts for the first stages of this project since November 2021). The first payment of rental income (interest) for this stage is scheduled for March 25th, 2022. 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).