Reasons to invest in the project Vokiečių 10, Vilnius I:
Lowest risk rating (A) project with excellent location in Vilnius Old Town;
Interest 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);
Timeshare – investments of EUR 5,000 or more provide free accommodation in these apartments;
The maximum loan-to-value (LTV) ratio is 75%;
The independent valuer has valued these apartments and the additional mortgaged workshop at a total of EUR 466,700.
The InRento team presents a new buy-to-let project – Vokiečių 10, Vilnius I. The investment offer consists of a well-furnished apartment located in the Old Town of Vilnius, Vokiečių st. 10.
Area of the project – 106.02 m², with a total of five bedrooms, making this project very attractive for both short-term and long-term rental activities. The uniqueness of this project is its location. The apartments are located in the very heart of the Old Town, just 250 metres away from one of the city's main landmarks – Vilnius Town Hall.
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 is oriented towards short-term rental and over the coming year it is expected to generate rental income of EUR 41,000, with estimated rental servicing costs of EUR 7,000.
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 8.5% – 9% 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 10% and 10.5% annual return.
This project has the lowest risk level – A. The maximum duration of the project is 36 months.