V23, Birštonas VI

InRento team presents the sixth stage of financing of the buy-to-let project – V23, Birštonas VI. 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 has been in rent since August this year. 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 10.01% 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 agreement for this project is already 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 Birštonas. 

This project has a fixed annual return on capital gains –

The capital gains are fixed and payable together with the repayment of the loan amount for the preceding instalment ("Instalment"), with the return for each successive Instalment being added to the calculation of the return. The Instalment shall be considered as per one calendar year. A fixed increment of 2.5% shall be applied to the Instalment.

Example calculation: If the Loan is repaid after one year, a fixed return of 2.5% applies. If the Loan is repaid after 24 months, a fixed return of 5% applies. If the Loan is repaid after 36 months, a fixed return of 7.5% applies. If the Loan is repaid after 48 months, a fixed return of 10% applies. The profit margin is payable whether or not the Loan is repaid on the sale of the property.