Reasons to invest in the project V23, Birštonas III:
Boutique hotel in resort town of Birštonas;
Interest is paid monthly with an attractive annual return of 7% – 7.4%, plus an additional fixed annual return on capital gains: +1.5% (paid at the end of the project);
The project owner has a successful track record in similar buy-to-let projects;
Loan-to-Value (LTV) ratio for this phase of the project is 58%, with a maximum LTV of 80% for the entire project;
Fixed interest rate linked (indexed) to inflation;
According to the reports of an independent asset valuer, the value of the financed project has increased from EUR 404,000 to EUR 601,000 since December last year.
InRento team presents the third stage of financing of the buy-to-let project – V23, Birštonas III. The investment offer consists of a boutique hotel in the Lithuanian resort town of Birštonas, located at Vytauto str. 23.
The property has an area of 431.45 m² and consists of eight separate apartments, five studio apartments, one two-room apartment, one three-room apartment with a terrace, and the last one is a three-room apartment with a swimming pool and sauna.
Over a period of more than six months, the property has been stripped of redundant ceiling and floor coverings, new partitions (units) have been created and cadastral measurements have been carried out. The renovation of the façade is planned for next spring.
In order to increase the yield and the rentable area, further renovation of the apartments is planned, which will also include interior fitting-out works to make the property suitable for short-term rentals.
Currently, all tenants in the property have moved out due to ongoing construction works. The owner of the project is aiming to complete the construction works before the summer season and to start hotel operations. The project owner is currently successfully managing a hotel in Biržai and Vievis.
According to the reports of an independent property appraiser, since December last year, the value of the financed project has increased from EUR 404,000 to EUR 601,000.
Investors will be paid a fixed interest rate of 7% to 7.4% per annum each month, depending on the amount invested. 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 of this phase to between 8.5% and 8.9% annual return.
Please note that the mortgage on this project has already been signed, so the interest on this stage will start to accrue to the investors as soon as the money is actually disbursed to the project owner.
At the same time, we invite you to take a closer look at Birštonas.