InRento team presents a new buy-to-let project – V22, Vilnius I. The investment offer consists of premises in the perspective part of Vilnius city, address: Vytenio g. 22.
The object includes two premises with areas of 111.04 m² and 113.20 m² on the third and fourth floors, which will be divided into individual property units oriented towards short-term rentals.
The project is in the fast-developing area of the capital – Naujamiestis. A large-scale loft project has been developed on the project's site, and the construction of a nearby technology campus – Cyber City, is underway. Across the street is the Uptown Park business centre – a home to technology companies.
Investors will be paid a fixed annual interest of 7% – 7.5% depending on the amount invested. This project has a fixed 1.5% annual capital gains, which are paid at the end of the project. This raises the overall yield of the project from 8.5% to 9% of the annual return.
This project has a fixed annual return on capital gains –
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 1.5% shall be applied to the Instalment.
Example calculation: If the Loan is repaid after one year, a fixed return of 1.5% applies. If the Loan is repaid after 24 months, a fixed return of 3% applies. If the Loan is repaid after 36 months, a fixed return of 4.5% applies. The profit margin is payable whether or not the Loan is repaid on the sale of the property.
This project will be financed in fourth phases:
The first phase (V22, Vilnius I) will be financed with an amount of EUR 150,000;
The second phase (V22, Vilnius II) will be financed with an amount of EUR 96,000;
The third phase (V22, Vilnius III) will be financed with an amount of EUR 72,000;
The fourth stage (V22, Vilnius IV) will be financed with an amount of EUR 50,000.
We are pleased to announce that the project – V22, Vilnius, has been fully realized.
The investment offer consisted of premises in the perspective part of Vilnius city, address: Vytenio g. 22.
The project’s annual return exceeded expectations – instead of the projected 8.5%, the actual average annual return reached 8.89%.
The disbursement of funds is currently underway and will be distributed within 2 working days.
The project – V22, Vilnius has been partially realised.
Investors have been repaid EUR 104,375.00.
The payments were distributed together with the fixed capital gains totalling EUR 4,375.00.
We would like to inform you that the mortgage on the project – V22, Vilnius asset, has been successfully placed (the document is attached in the documents section).
The interest for the project will be distributed next month.