Reasons to invest in the project Bajorai 20, Vilnius III:
Buy-to-let project with surface parking spaces in Vilnius;
Variable capital gains – up to 30% investor profit share;
Interest is paid monthly with an attractive 9% – 9.5% annual return;
The loan has full surety issued another company of the shareholder that is in business for almost 30 years;
The maximum loan to value (LTV) for the whole project is 70%;
According to the reports of an independent appraiser, the value of the property has increased from EUR 538,000 to EUR 930,000 over 8 months.
InRento team presents a third stage of buy-to-let project – Bajorai, Vilnius III. The investment offer consists of a house with a land plot located 20 minutes by car from Vilnius Old Town.
The address of the property is Paukščių Tako st. 20, Vilnius. The plan is to efficiently use the existing 568 m² floor area of the house by creating 17 residential units of 18 to 30 m² each.
The furnishing will be carried out following modern standards, meeting the requirements of the Class A housing category. Surface parking spaces are planned in the area. This project is oriented towards rental and future realisation of the property.
According to the reports of an independent appraiser, the value of the property has increased from EUR 538,000 to EUR 930,000 over 8 months. An independent appraiser valued a 0.1-hectare plot of land at EUR 193,000 and a 568 m² residential house at EUR 737,000.
The project owner expects to generate profit (capital gains) of EUR 150,000, which would be then split between the project owner and the investors.
Investors will be paid a fixed interest rate of 9% – 9.5% per annum, depending on the amount invested.
The project allows investors to earn a return on variable capital gains if the property is sold for profit. The investors' share of the profit (capital gains) is up to 30%. Please note that investors are subject to an accounting fee on capital gains, which depends on the amount invested – the higher the amount invested, the lower the accounting fee.
The maximum loan stage duration for this project is only – 15 months. The maximum LTV for the whole project is 70%.
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.