Reasons to invest in the project K129, Vilnius II:
The project is financed for a complex of ten fully furnished apartments located in an attractive part of Vilnius city;
Interest is payable monthly with an attractive annual return of 9% – 9.5% plus an additional fixed annual capital gains return of +1.5% (payable at the end of the project);
Experienced project owner – has more than 20 years of experience in real estate sales, development and leasing;
Fixed interest linked (indexed) to inflation;
The loan to value (LTV) for the whole project is 70%;
The financed apartments have been appraised by an independent appraiser at EUR 799,000.
InRento team presents the second and the last stage of financing of the buy-to-let project – K129, Vilnius II. The investment offer consists of a complex of ten fully furnished apartments located in Vilnius, at Kalvarijų str. 129.
The total area of the financed project is 306.79 m², consisting of ten separate rooms, each of which has its own bathroom, washing machine, TV set and its own kitchen.
This project is oriented towards short-term rentals, but with all the necessary amenities, it can easily be oriented towards long-term rentals. These apartments have excellent reviews and ratings on the Booking.com platform.
The financed apartments already have a cashflow history – from August 2023 to the end of the year, they generated EUR 60,000 in rental income, with an occupancy rate of 75%. The project owner expects to generate rental income of EUR 145,250 over the period from this year to 2024, with an occupancy rate of at least 80%.
The project is conveniently located close to the Avia Solutions Group Arena, the largest arena in the city, the Compensa concert hall and the OZAS and Akropolis shopping centers. Due to its competitive prices, the apartments are attracting an increasing number of tourists and business people. The growing number of visitors contributes to the high level of bookings throughout the year.
The project owner K129 Living team has more than 20 years of experience in real estate sales, development and rental. Since January 2023, the company has also started to offer additional accommodation services, which will lead to higher profitability.
Investors will be paid a fixed interest rate of 9% – 9.5% 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 overall yield of this phase to between 10.5% and 11% annual return.
Please note that the mortgage for this project signed, thus the interest for this phase will start to accrue to the investors as soon as the money is actually disbursed to the project owner.
The maximum duration of the project is 36 months.