Reasons to invest in the project Co-living: P97, Vilnius I:
The property is fully rented out for 18 tenants;
The property is already generating 6,162 EUR in monthly rent;
Fixed attractive annual rental yield: (6.5-7%);
Fixed annual return on capital gains: (+1.75%) (paid at the end of the project);
The independent valuer appraised the premises at EUR 886,000;
InRento presents a new rental project: Co-living: P97, Vilnius I. The investment case consists of a co-living apartment project in Vilnius, the capital of Lithuania. The property is located at Pramonės str. 97, Vilnius- just 15 minutes away with a car from the Vilnius oldtown.
The total area of the project is 1341.15 m², which consists of the premises and common areas on the sixth, seventh and eighth floors.
Currently, the sixth floor is fully equipped and fully rented out. The premises are generating EUR 6,162 in rental income per month from 18 tenants. The installation of the seventh and eighth floors is planned to be similar to the sixth. The project owner expects to generate EUR 18,000 in rental income per month after installing the additional two floors.
The project owner will pay a fixed 6.5-7% annual interest (as a rental return) depending on the amount invested. The project also has a fixed percentage of capital gains. Investors earn a fixed 1.75% return on capital gains per year, which raises the overall return on the project to 8.25% – 8.75% annual return based on the amount invested.