Reasons to invest in the project V23, Birštonas V:
Boutique hotel in resort town of Birštonas;
Interest is paid monthly with an attractive annual return of 7.2% – 7.72%, plus an additional fixed annual return on capital gains: +2.5% (paid at the end of the project);
Timeshare – investments of EUR 5,000 or more provide free accommodation in this hotel;
The project owner has a successful track record in similar buy-to-let projects;
Loan-to-Value (LTV) ratio for this stage of the project is 75%, with a maximum LTV of 80% for the entire project;
Fixed interest rate linked (indexed) to inflation;
According to the reports of an independent appraiser, the value of the property has increased from EUR 404,000 to EUR 776,000 in 18 months.
InRento team presents the fifth stage of financing of the buy-to-let project – V23, Birštonas V. The investment offer consists of a boutique hotel in the Lithuanian resort town of Birštonas, located at Vytauto str. 23.
The property has an area of 431.45 m² and consists of eight separate apartments, five studio apartments, one two-room apartment, one three-room apartment with a terrace, and a three-room apartment with a swimming pool and sauna.
The project owner has completely refurbished the third floor of the hotel, which will be available for rent from the second half of July. The remaining two floors are undergoing further refurbishment, which will include interior works to make the property suitable for short-term rentals. The project owner is currently successfully managing a hotel in Biržai and Vievis.
According to the reports of an independent appraiser, the value of the property has increased from EUR 404,000 to EUR 776,000 in 18 months.
The interest for this project was indexed to the eurozone consumer price index in January this year, with a further indexation scheduled for January 15th, 2025.
Please note the increase in the annualised yield on fixed capital gains for this and previous stages from 1.5% to 2.5%. This raises the overall project yield from 9.7% to 10.22% annual return.
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.
Please note that the mortgage on this project has already been signed, so the interest on this stage will start to accrue to the investors as soon as the money is actually disbursed to the project owner.
At the same time, we invite you to take a closer look at Birštonas.