Reasons to invest in the project R34, Vilnius II:
The rental project is located in an attractive and promising part of Vilnius city, close to the Old Town;
Variable capital gains - investors' share of profits is 30%
Interest is paid monthly with an attractive annual return of 10% – 10.5%;
The project owner's obligations are fully guaranteed by a company that has been operating for more than 30 years;
The maximum loan-to-value (LTV) ratio for the entire project is 70%;
The independent appraiser has valued the financed object at EUR 1,119,000.
The InRento team presents a second stage of the buy-to-let project: R34, Vilnius II. The investment offer consists of a house with land located near the Vilnius Old Town in one of the most promising Vilnius neighbourhoods – Markučiai, at Ramunių str. 34.
The project will efficiently use the house area of 717.70 m² by developing up to 30 residential units. The fit-out works will be carried out according to modern standards. Ground-level parking spaces are planned to be provided in the vicinity.
This project is oriented towards rental and future realisation of the property.
The independent appraiser has valued the 15.78 ares of land (0101-0060-0017) at EUR 360,000, the residential house of 717.70 m² with office space (1094-0313-4014) at EUR 728,000 and three outbuildings at EUR 31,000. The total value of the mortgaged assets of the financed project is EUR 1,119,000.
The project owner's expected profit (capital gain) from selling all the assets shall amount up to EUR 330,000, which would be shared between the project owner and the investors.
The investors' share of the capital gain is up to 30%. Please note that investors are subject to an accounting tax on the capital gains, which depends on the amount invested. The higher the amount invested, the lower the tax rate. See the table below for more information.
Investors will be paid a fixed interest rate of 10.5% to 11% annually, depending on the amount invested.
The maximum loan duration for this project is 24 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.