Reasons to invest in the project P6, Kaunas I:
The financed project is located in Kaunas Old Town;
Interest is paid monthly with an attractive annual return of 8% – 8.5%, plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
Project owner is an experienced buy-to-let administrator with similar concept projects in other Lithuanian cities;
Fixed interest linked (indexed) to inflation;
Loan-to-Value (LTV) ratio for this stage is 63%, maximum LTV for the whole project is 70%;
Independent appraiser appraised the financed property at EUR 274,000.
InRento team presents a new buy-to-let project – P6, Kaunas I. The investment offer consists of a building located in Kaunas Old Town, at D. Poškos g. 6A.
The total financed area of this project is 332.88 m². The project consists of 16 rooms with common areas such as showers, bathrooms, kitchenettes and lounge areas. This project is focused towards short-term rentals, the lower than average market price of the rooms is expected to generate a greater demand for these rooms.
The owner of the project is Room capital, UAB. The company's field of activity is the development and administration of short-term accommodation projects in Lithuania.
The owners of the company have experience with projects of similar concept. Currently, a similar buy-to-let project is successfully being managed in Vilnius Old Town – Bali House Vilnius, which has excellent reviews on the booking platform and this year's occupancy rate is as high as 95%.
Investors will be paid an attractive fixed interest rate of 8% – 8.5% per annum, 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. This raises the total yield of this phase to between 9.5% and 10% annual return.