Co-living: P97, Vilnius II

InRento presents the second stage of buy-to-let project: Co-living: P97, Vilnius II. 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 old town.

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.

The mortgage for this project was registered on June 2nd, 2022 (find documents in documents section). The rental income (interest) payment of the second stage for investors will start being calculated from the date of loan disbursement to the project owner.

This project will be funded in four phases:

The first phase (Co-living: P97, Vilnius I) already funded with EUR 200,000;

The second phase (Co-living: P97, Vilnius II) will be funded with EUR 200,000;

The third phase (Co-living: P97, Vilnius III) will be funded with EUR 200,000;

The fourth phase (Co-living: P97, Vilnius IV) will be funded with EUR 200,000.

The capital gains are fixed and payable together with the repayment of the loan amount for the preceding instalment ("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 1.75% shall be applied to the Instalment.

Example calculation: If the Loan is repaid after one year, a fixed return of 1.75% applies. If the Loan is repaid after 24 months, a fixed return of 3.5% applies. If the Loan is repaid after 36 months, a fixed return of 5.25% applies. If the Loan is repaid after 48 months, a fixed return of 7% applies. If the Loan is repaid after 60 months, a fixed return of 8.25% applies.The profit margin is payable whether or not the Loan is repaid on sale of the property.