Reasons to invest in the project A19, Vilnius II:
Lofts in an attractive area – in the centre of Vilnius;
Fixed attractive annual rental yield (7% – 7.5%);
The fixed interest is indexed to inflation;
Variable capital gains;
An independent appraiser valued the premises at 422,100 EUR;
The project owner is an experienced real estate administrator.
InRento presents the second and the last stage of the buy-to-let project: A19, Vilnius II. The investment offer consists of administrative premises, which are currently being converted into studio apartments/lofts.
At the moment, a few premises successfully converted into studio apartments/lofts. The premises are located in the central part of the city, at Algirdo str. 19, Vilnius (in one of the most developing districts of Vilnius – Naujamiestis). It is worth mentioning that Vilnius City Municipality has completed 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 29 months.