Reasons to invest in the project M10 Co-living, Vilnius V:
Co-living project with children's playground and surface parking spaces;
Variable capital gains - investors' share of profits is 30%;
Interest is paid monthly to investors with an attractive annual return of 8% – 8.5% ;
Experienced project owner with extensive experience in the microflat segment;
The project owner has now signed two preliminary contracts for the sale of the premises, and the sale of two parking spaces has also been agreed;
The loan-to-value (LTV) ratio for this project is 61%, and the maximum LTV for the entire project is 70%;
According to the independent appraiser’s reports, the value of the property has increased from EUR 1,221,000 to EUR 1,567,000 in six months.
InRento team presents a fifth stage of the buy-to-let project – M10 Co-living, Vilnius V. The investment offer consists of – two buildings and a plot of land located just 15 minutes away with a car from Vilnius Old Town at Mokyklos g. 10A, Galgiai, Vilnius district.
The funding includes a plot of land of 0.29 Ha and two buildings with a total area of 1612.66 m². The buildings are to be insulated and fully renovated following modern standards, meeting the requirements of the Class A housing category.
According to the independent appraiser’s reports, the value of the property has increased from EUR 1,221,000 to EUR 1,567,000 in six months. This change is due to the intermediate installation works carried out by the project owner, which include underfloor heating installed, partition walls built, property subdivided according to the order of use, windows replaced to A+ class, façade insulation, and renovation works started. For updated photos of the installation, please see the project gallery, scroll right.
A total of 31 housing units are planned for these buildings, of which 14 will be one-room apartments, 12 will be two-room apartments, and 5 will be three-room apartments. In addition, a children's playground and surface parking spaces are planned in the nearby area. The project is focused on long-term rent and future sales.
The rental income is expected to generate EUR 12,600 per month, which covers the amount of interest paid to investors monthly. The project owner, Linas Ginaitis, successfully manages several buy-to-let projects on the InRento platform and does not have a single late project.
The project owner has now signed two preliminary contracts for the sale of the premises at an average price per square metre of EUR 1,679. The sale of two parking spaces at EUR 2,000 per space has also been agreed.
Investors will be paid a fixed annual interest of 8% – 8.5% depending on the amount invested.
The project allows investors to earn a return on variable capital gains (profit share) when the property is sold at a higher price. The investors' share of the profit (capital gains) is 30%.