Reasons to invest in the project Didžioji 22, Vilnius II:
Exceptional location – the property is next to Vilnius Town Hall;
Interest payable monthly with an attractive annual return of 6.6% – 7% plus an additional fixed annual return on capital gains: +1.5% (payable at the end of the project);
Fixed interest linked (indexed) to inflation;
The loan to value (LTV) for this phase is 79%, maximum LTV for the whole project is 80%;
According to the reports of an independent valuer, since February this year, the value of the property has increased from EUR 317,000 to EUR 405,000.
InRento team presents the second stage of the financing of the buy-to-let project – Didžioji 22, Vilnius II. The investment offer consists of the property located in the Old Town of Vilnius, Didžioji st. 22.
The uniqueness of this project is its location. The building is located just a few meters away from one of the main city's landmarks – Vilnius Town Hall.
The first phase of this project was financed on the InRento platform just over six months ago. During this period, the owner of the project obtained a building permit to convert the 112.80 m² premises into three separate property units so that each apartment has its own entrance. Permission was also granted to renovate the façade of the building.
According to the reports of an independent appraiser, the value of the property has increased from EUR 317,000 to EUR 405,000 since February this year. This project is oriented towards short-term rentals.
Investors will be paid a fixed interest rate of 6.6% – 7% per annum each month, depending on the amount invested. This project also has a fixed annual capital growth rate of 1.5%, payable at the end of the project, which raises the overall yield of the project from 8.1% to 8.5% annual return.
Please note that the mortgage for this project has already been signed, so the interest for this stage will start to accrue to the investors as soon as the money is actually disbursed to the project owner.