Reasons to invest in the project Didžioji 11, Vilnius I:
The excellent location of the property – close to Vilnius Town Hall;
Interest paid monthly with an attractive annual return of 7.5% – 8% plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
Timeshare – investments of EUR 5,000 or more provide free accommodation in these apartments;
Fixed interest linked (indexed) to inflation;
The LTV for this stage is very attractive at 33%, and the maximum LTV for the whole project is 70%;
The apartments were valued by an independent appraiser at EUR 607,000.
InRento team presents a buy-to-let project – Didžioji 11, Vilnius I. The investment offer consists of fully furnished property located in the Old Town of Vilnius, Didžioji street 11.
The area of the financed property is 112.22 m², consisting of an apartment divided into two separate units to increase rental yield. This project is focused on short-term rent and is exceptional with its location. The building is located just 150 meters from one of the city's main landmarks – Vilnius Town Hall.
These units have been successfully generating cash flow for more than two years. In this context, the project owner plans to generate a rental income of EUR 60,000 in the next calendar year.
The project owner – Daumantas Mikučionis, manages and owns dozens of apartments in Vilnius Old Town under his own brand – Domillion. On the Airbnb platform, you can find thousands of reviews from travellers about his services. The project owner also successfully manages several similar buy-to-let projects on the InRento platform.
The 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. More information below.
Investors will be paid a fixed interest rate of 7.5% – 8% per annum, depending on the amount invested, every month. This 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 9% and 9.5% annual return.