Reasons to invest in the project VT3, Palanga II:
Fully furnished apartments in Palanga, just 800 meters from the main street of the city;
Interest is paid every month to investors with an attractive annual return of 6.7% – 7%;
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 project is 75%;
The premises were valued by an independent valuer at EUR 130,000.
InRento team presents the second and last stage of the buy-to-let project – VT3, Palanga II. The investment offer consists of an apartment located in the Lithuanian seaside, at Virbališkių takas 3K, Palanga.
The total area of the apartment is 53.92 m². This newly and comfortably furnished apartment is focused on short-term rent. The property is expected to generate a rental income of EUR 20,000 over the next two years.
The owner of the project, Nerijus Baliūnas, has successfully completed two phases of the V3, Palanga project on the other floor of the same building. The early repayment of that project resulted in an annual return of 16.04% and 27.24% respectively.
Nerijus Baliūnas has also successfully completed other projects financed on the InRento platform – S12, Vilnius and T101-5, Klaipėda. The actual annual returns of these projects were also higher than originally expected.
Investors will be paid a fixed interest rate of 6.7% – 7% per annum, depending on the amount invested, every month. The project also has a fixed annual capital growth rate of 1.5%, payable at the end of the project. This raises the total yield for this phase to between 8.2% and 8.5% annual return.
This project also has a Timeshare, those investing from EUR 5,000 and up will have the opportunity to book a night's accommodation and stay for free in these apartments. More information below.
The maximum loan term is only 24 months. After this period, the project owner plans to refinance or sell the property.