The InRento team presents a new buy-to-let project: V4, Vilnius I. The investment offer consists of a brand new apartment with an underground parking slot and bicycle storage in a newly developed apartment complex near the Central Business District, Veprių St., 4, Vilnius.
The area of the financed apartments with partial finishing is 44.46 m². The first financing stage finances the acquisition of the property, followed by a second financing stage, which will be directed towards paying contractors for installation work.
Vilnius CBD is a modern business district located on the northern bank of the Neris River. The surrounding area, Šnipiškės, expands every year and implements large-scale projects. In the past 10 years, significant changes have occurred in Šnipiškės, and thousands of square meters of new business centre area, residential quarters, and public spaces have been built and developed.
This project is focused on long-term rent. After the fitting-out works, the rental income of this three-room apartment with an underground parking slot and bicycle storage room is expected to be EUR 1,200 per month.
Baltic Real, MB, is the project owner of this project. The company successfully administers 10 similar buy-to-let projects on the InRento platform.
Investors will be paid a fixed interest rate of 8.5% – 9% per annum each month, depending on the amount invested. This project also has a fixed annual capital gains of 1.5%, which is paid at the end of the project. This raises the total yield of this phase to between 10% and 10.5% annual return.
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 1.5% shall be applied to the Instalment.
Example calculation: If the Loan is repaid after one year, a fixed return of 1.5% applies. If the Loan is repaid after 24 months, a fixed return of 3% applies. If the Loan is repaid after 36 months, a fixed return of 4.5% applies.
This project will be funded in two stages.
We are pleased to announce that the project – V4, Vilnius, has been fully realized.
The investment offer consisted of a brand new apartment with an underground parking slot and bicycle storage in a newly developed apartment complex near the CBD (Central Business District), Veprių St., 4, Vilnius.
The total average annual return to investors in this project was higher than expected: in the 1st stage reaching 10.63% instead of 10%, in the 2nd stage reaching 17.23% instead of 9.5%.
The disbursement of funds is currently underway and will be distributed within 2 working days.
The mortgage agreement with the project owner has been successfully concluded and registered (the document can be found in the "Documents" section of the project description).
We would like to inform you that the interest for the project's first stage will start to accrue from 23 December 2024.
The interest for this period will be distributed the following month after the property is mortgaged.