Reasons to invest in the project A5, Vilnius II:
The financed project is located in Paupys, one of the most prestigious areas of Vilnius;
Interest is paid monthly with an attractive annual return of 7.5% – 7.8%, plus an additional fixed annual capital gains return of +1.5% (paid at the end of the project);
Experienced project owner – with a wealth of experience in managing a wide range of short-term rental projects;
Fixed interest linked (indexed) to inflation;
The loan-to-value (LTV) ratio for this project is 75%;
According to the reports of an independent appraiser, the value of the property has increased from EUR 325,000 to EUR 351,000 over 6 months.
InRento team presents the buy-to-let project in one of the newest and most modern districts of Vilnius – Paupys, located in the Old Town of Vilnius. The investment offer consists of new and spacious apartments located at Aukštaičių str. 5, Vilnius.
The area of the apartment is 73.38 m². The first stage, which took place almost 5 months ago, financed the acquisition of the property. Once part of the installation has been completed, this second stage is financed.
According to the reports of an independent appraiser, the value of the property has increased from EUR 325,000 to EUR 351,000 over 6 months.
This project is focused on short-term rentals. The plan is to subdivide this apartment into two smaller apartments and after the fit-out works, it is expected to generate a total rental income of EUR 2,700 per month.
The project owner is Justas Žegunis, a management consultant with extensive experience in managing various short-term rental projects through Airbnb and Booking platforms.
Paupys is the first Lithuanian real estate project of this type to be nominated at the prestigious MIPIM awards. Paupys is a part of the historic Old Town of Vilnius that has been brought to life with a special focus on the harmony between nature and urban planning.
Investors will be paid an attractive fixed interest rate of 7.5% – 7.8% 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 total yield of this phase to between 9% and 9.3% 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 loan duration for this project is only 24 months.