Reasons to invest in the project V9, Biržai IV:
The financed project is located in the centre of Biržai;
Interest is paid monthly with an attractive annual return of 9% – 9.1% 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;
The loan-to-value (LTV) ratio for this 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. Boutique clothing store opens in 113.81 m² premises, 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% – 9.1% 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 10.6% 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.
At the same time, we invite you to take a closer look at Biržai.