Available for funding: €0
 
€55 460
80 investors

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Annual fixed-return rate:
9% - 9.4%

Fixed annual capital gains that would be paid when project is realised. More information can be found by scrolling below to the project description.

Fixed capital gain:
Fixed 1.5%
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Reasons to invest in the project V9, Biržai III:

The financed project is located in the centre of Biržai;

Interest is paid monthly with an attractive annual return of 9% – 9.4% plus an additional fixed annual return on capital gains: +1.5% (paid at the end of the project);

The owner of the project is an experienced property project owner with other projects in the city;

Loan to Value (LTV) for this stage is 70%, maximum LTV for the whole project is 73%;

According to the reports of an independent valuer, the value of this asset has increased from EUR 260,000 to EUR 497,000 in a little more than one and a half years.

InRento team introduces a buy-to-let project in the Northern Lithuania tourist spot Biržai, Vytauto g. 9.

The investment offer consists of a building in the centre of Biržai, with a total financed area of 550.21 m². The property has been divided and separated into commercial and accommodation premises as planned.

The commercial space consists of retail and catering areas of 113.81 m² and 170.67 m² respectively. The accommodation space has a total area of 249.03 m², which will be used for five separate apartments ranging from 34.47 m² to 61.65 m². 

During the last six months, the commercial space on the ground floor of the building has been fully completed and will soon be handed over to tenants. The 113.81 m² space will house a boutique-type clothing store, while the larger 170.67 m² space will house a restaurant. 

At the same time, various engineering works were carried out, such as the installation of sewage and water supply systems, underfloor heating, indoor and outdoor lighting installations and other important renovation works for the building.  

According to the reports of an independent valuer, the value of this asset has increased from EUR 260,000 to EUR 497,000 in a little more than one and a half years. 

The owner of the project is Nord Investments, UAB. The company's manager is Toma Kaveckienė, a native of Biržai, who holds a degree in civil engineering from VGTU and has been working in the Building Inspectorate for the last dozen years. The company saw the need for higher-end housing and commercial space and decided to carry out this real estate rental project in this city.

Once fully furnished and rented out, the company plans to generate an income of EUR 4,800 per month. 

Investors will be paid an attractive fixed interest rate of 9% – 9.4% 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 overall yield of this phase to between 10.5% and 11% annual return.

At the same time, we invite you to take a closer look at Biržai.

2023-12-04

We would like to inform you that the mortgage on the project’s – V9, Biržai I, has been successfully placed (the document is attached in the documents section).

The interest payment for this project will be distributed next month.