Reasons to invest in the project Žemaitijos 1, Vilnius III:
Short-term rent apartments in the Old Town of Vilnius;
Interest is paid monthly with an attractive annual return of 6.1% – 6.6%;
Fixed annual return on capital gains: +1.5% (paid at the end of the project);
Fixed interest linked (indexed) to inflation;
The loan-to-value (LTV) ratio for this stage – is 75%;
An independent appraiser valued the premises at EUR 719,000.
InRento presents the third and last stage of the buy-to-let project – Žemaitijos 1, Vilnius III. The investment offer consists of premises in the prime street of Vilnius' Old Town with address: Žemaitijos g. 1B.
The investment offering includes two apartments and three studios with a total area of 186.10 m². These fully furnished and well-equipped apartments are orientated towards short-term rent and are located in the Old Town of the Capital Vilnius. The object is financed together with the land plot.
This project has a timeshare, whereby investors can stay in these premises for free if they invest more than EUR 5,000 (more information at the bottom of the project description).
The project owner – UAB “Ryto Projektas“. The manager of the company Daumantas Mikučionis manages and administrates tens of apartments in Vilnius old town under his brand name Domillion. You can find thousands of reviews on him via Airbnb.
Investors will be paid a fixed annual interest of 6.1% – 6.6% 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 between 7.6% and 8.1% annual return.