Reasons to invest in the project Didžioji 22, Vilnius III:
Prime location – the property is next to Vilnius City hall;
Interest is paid monthly with an annual return of 6.79% – 7.2%;
Fixed annual return on capital gains: +1.5% (paid at the end of the project);
Fixed interest linked (indexed) to inflation;
The loan-to-value (LTV) ratio for this stage – is 71% maximum project LTV – 80%;
According to the reports of an independent valuer, in 15 months the value of the financed property has increased from EUR 317,000 to EUR 550,000.
InRento team presents the third stage of the financing of the buy-to-let project – Didžioji 22, Vilnius III. The investment offer consists of a 112.80 m² property located in Vilnius Old Town, Didžioji g. 22.
The uniqueness of this project is its location. The building is located just a few meters away from one of the main city's landmarks – Vilnius Town Hall.
The first stage of financing for this project took place 15 months ago. During this period, the owner of the project received permission to renovate the façade of the building. Also, a permit was granted for the building conversion so that each apartment has its own entrance.
The project owner has renovated plumbing, flooring, walls, ceilings, electrical and air-conditioning systems, a heat recovery ventilator, and replacement windows and doors. The next steps will be the final finishing touches and furnishing of the apartment with furniture and appliances.
According to the reports of an independent valuer, in 15 months the value of the financed property has increased from EUR 317,000 to EUR 550,000. The project is oriented towards short-term rentals.
The project owner has been paying monthly interest to the investors throughout this period on time. Monthly interest was indexed this year in January by the annual average consumer price index for the euro area, which increased the nominal return to the investors.
Investors will be paid a fixed annual interest of 6.79% – 7.2%, depending on the amount invested. This project has a fixed 1.5% annual capital gains, which are paid at the end of the project. This raises the overall yield of this stage of the project between 8.29% and 8.7% of the 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.