Reasons to invest in the project Apartments 127, Vilnius II:
The project is financed for a complex of fourteen apartments located in an attractive part of Vilnius city;
Interest is payable monthly with an attractive annual return of 9% – 9.5% plus an additional fixed annual capital gains return of +1.5% (payable at the end of the project);
Experienced project owner – has more than 20 years of experience in real estate sales, development and leasing;
Fixed interest linked (indexed) to inflation;
The maximum loan-to-value (LTV) for the whole project is very attractive at 59%;
According to the reports of an independent appraiser, the value of the property has increased from EUR 674,000 to EUR 775,000 over 6 months.
InRento team presents a second stage of buy-to-let project – Apartments 127, Vilnius II. The investment offer consists of a complex of fourteen apartments located in Vilnius, at the address – Kalvarijų str. 127.
The total area of the financed project is 329.86 m², consisting of fourteen apartments. Each room will have private bathrooms, washing machines, TVs and their own kitchens.
According to the reports of an independent appraiser, the value of the property has increased from EUR 674,000 to EUR 775,000 over 6 months.
This project will be focused towards short-term rentals, but with all the necessary amenities it can easily be refocused towards long-term rentals. Similar apartments managed by the same project owner in the building have excellent reviews and ratings on the Booking platform.
The project is conveniently located close to the Twinsbet, the largest arena in the city, the Compensa concert hall and the OZAS and Akropolis shopping centers. Due to its competitive prices, the apartments will be attracting an increasing number of tourists and business people. The growing number of visitors contributes to the high level of bookings throughout the year.
The project owner K129 Living team has more than 20 years of experience in real estate sales, development and rental. Since January 2023, the company has also started to offer additional accommodation services, which will lead to higher profitability.
Investors will be paid a fixed interest rate of 9% – 9.5% per annum each month, depending on the amount invested. The 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.
The maximum duration of the project is 36 months.
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.