Reasons to invest in the project Didžioji 22, Vilnius I:
Prime location – the property is next to Vilnius City hall;
Interest is paid monthly with an attractive annual return of 6.6% – 7.1%;
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 79% maximum project LTV – 80%;
An independent appraiser valued the premises at EUR 317,000.
InRento team presents a new buy-to-let project – Didžioji 22, Vilnius I. The investment offer consists of a premises located in Vilnius Old Town – Didžioji str. 22.
What makes this project special is its location. The building is located just a few meters away from one of the city's most popular destinations – City Hall.
The area of the building is 112.80 m². During the first stage, the loan is issued as financing of the acquisition. The financing of the remaining stages will be linked to the installation and furnishing of the apartments. Additionally the project owner will have to provide updated appraisal reports of the property.
The project is focused towards short-term rent. The owner of the project intends to use the entire area of the building for installing three separate apartments.
Investors will be paid a fixed annual interest of 6.6% – 7.1% 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 this stage of the project between 8.1% to 8.6% of the annual return.