Vievis Hotel I

Vievis

Available for funding: €0

€295 000

334 investors

The annual return indicates the fixed-interest rate, or what investors shall earn in percentages. Percentage may depend on amount of the investment. To see specific returns please enter investment amount above. Annual fixed-return rate: 9.03% - 9.53%

This number indicates what part of the profit share you would earn when the property is sold for profit or fixed annual capital gains that would be paid when project is realised. More information can be found by scrolling below the project description. Capital Gains: 30% – 50% from profit

Shows amount you've entered for amount of your investment above. Minimum investment amount is EUR 500. Invest:: -

Shows amount that you are expected to earn during one year of investment. Earnings are automatically calculated when you enter the investment amount above. Earn:: -

Total expected earnings: Total expected earnings:: -

Security indicates the measures that are being taken to secure your investment. Mortgage means the funds of investors are secured by mortgaging the asset in the name of investors. In case of project owner's default the mortgage of the asset would be used to recover principal investment of investors. Security:: 1st-rank Mortgage

Investment rating show the risk level assigned to the project. A = lowest risk, while D = highest risk. InRento risk scoring is based on factual data and its scoring model can be discovered transparently at the bottom of this page. Investment Rating:: B

Description
Project updates (2)

Reasons to invest in the project Vievis Hotel I:

Fixed, very attractive annual rental yield (9.03-9.53%);

Unlimited capital gains;

Project owner is an experienced project owner;

Fixed interest rates linked (indexed) to inflation;

The hotel is valued by an independent appraiser at EUR 461,000;

Part of the premises are rented out for a restaurant and a “KOOPS” shop;

InRento team presents a new rental property – Vievis Hotel I. The investment offer consists of a hotel, apartments, restaurant, a shop and commercial premises in the industrial city of Vievis, at 4A, Bažnyčios st.

The hotel has an area of 806.75 m², comprising 16 hotel rooms, 2 apartments, 2 commercial premises, a restaurant and a shop. In the enclosed courtyard area there is a place for unloading goods. The hotel is located in the centre of Vievis and is 300 meters from lake Vievis.

The building is currently rented out for a "KOOPS" shop and a restaurant, generating a monthly rent of EUR 1,255. The hotel will soon be rented out as apartments and rooms oriented to the demand for affordable housing in Vievis and Vilnius’ municipal district. An example of interior refurbishment is shown in the visualizations.

The owner of this project, Justas Kaveckas, has already successfully completed two projects (Modern office Ateities str, Vilnius and S11-A, Vilnius) with an average annual return to investors of 19.49%. This project, as well as the last two sold projects, has unlimited capital gains. See below for more information on the allocation of capital gains.

Investors will be paid a fixed annual interest of 9.03% – 9.53% (as a rental return) depending on the amount invested.

Vievis is a town strategically located on the highway connecting Vilnius and Kaunas. There are a lot of large logistic centers, factories and other industrial companies. Vievis has also been selected as one of Lithuania's 2022 Small Capitals of Culture. Currently, there are only 2 apartments available for rent in Vievis and the rental price could be comparable to Vilnius or Kaunas.

2023-03-14

We would like to inform you that InRento has transferred the investors the share of the profit of InRento, which is distributed on the sale of the Project Assets. However, these changes will not have any effect on the profit amounts that could be distributed to the investors. Please find a detailed explanation below.

Previously, the investor’s profit share was set based on the investment amount:

Invested up to EUR 5,000 – 30%;
Invested from EUR 5,000 EUR (inclusive) up to EUR 15,000 – 35%;
Invested from EUR 15,000 EUR (inclusive) up to EUR 30,000 – 40%;
Invested from EUR 30,000 EUR (inclusive) up to EUR 50,000 – 45%;
Invested from EUR 50,000 EUR (inclusive) – 50%.

After InRento has transferred its share of the profit, all investors’ share of the profit is equal to 50%. However, based on the amount invested, an accounting fee may be applied:

Invested up to EUR 5,000 – 0.4;
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – 0.3;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – 0.2;
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – 0.1;
Invested from EUR 50,000 (inclusive) – 0 (investment terms have not changed).

In the case of this project, for a certain group of investors in case of profit payout, the net amount grows. Below you can find an example and comparison of how a payout of 100 EUR changes based on the previous and updated structure:

Previous structure:

Invested up to EUR 5,000 – payable profit 30 EUR = 30% * EUR 100;
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – payable profit 35 EUR = 35% * EUR 100;
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 40 EUR = 40% * EUR 100;
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – payable profit 45 EUR = 45% * EUR 100;
Invested from EUR 50,000 (inclusive) payable profit 50 EUR = 50% * EUR 100 (investment terms have not changed).

From now:

Invested up to EUR 5,000 – payable profit 30 EUR = 50% * EUR 100 * (1-0.4). The amount has not changed.
Invested from EUR 5,000 (inclusive) up to EUR 15,000 – payable profit 35 EUR = 50% * EUR 100 * (1-0.3). The amount has not changed.
Invested from EUR 15,000 (inclusive) up to EUR 30,000 – payable profit 40 EUR = 50% * EUR 100 * (1-0.2). The amount has not changed.
Invested from EUR 30,000 (inclusive) up to EUR 50,000 – payable profit 45 EUR = 50% * EUR 100 * (1-0.1). The amount has not changed.
Invested from EUR 50,000 (inclusive) payable profit 50 EUR = 50% * EUR 100 * (1-0.00). Investment terms have not changed.

We are introducing this fee in order to optimize and standardize the methodology of internal accounting procedures and resources, due to the reason the payable amounts and percentages range between projects. This is an operationally intensive process. Additionally, for every payment InRento facilitates, it pays service fees to payment services providers, and in order to ensure cash flow positive operations, a decision was taken to introduce a percentage based tariff on profit rather than gross project profit.

We would like to clarify that investors’ interest from a share of the profit to be distributed on the sale of the assets will be paid out net, which means all applicable fees will be deducted before payment.

2022-07-11

We would like to inform you, that the mortgage on the project – Vievis Hotel asset has been successfully placed (the document is attached in the documents section). The interest for the project will be distributed next month.

If you have any questions, do not hesitate to contact us at info@inrento.com or call us at +37069347427.

InRento team

Vievis Hotel I

Reasons to invest in the project Vievis Hotel I:

Invest in Vievis Hotel I,Lithuania

Invest in Vievis Hotel I,
Lithuania