Zlota 71, Poland V

Reasons to invest in the project Zlota 71, Poland V:

• The project is a five-storey apartment complex with commercial premises, outdoor parking slots, storage units and indoor garages in Kalisz, Poland;
• Variable capital gains – up to 30% investors' profit share;
• Projected profit on the sale of the project: PLN 7,336,200 (EUR 1,687,326);
• Interest is paid monthly with a very attractive annual return of 11.5% – 12%;
• HO-BU POLSKA Sp. z o.o fully guarantees the project owner's obligations;
• The project owner bears the risk of possible exchange rate fluctuations – Golden Street Sp. z o.o;
• The loan-to-value (LTV) ratio for this project is 70%;
• The independent appraiser has valued the financed property at EUR 5,062,070 (PLN 1 = EUR 0,23).

InRento team presents the fifth stage of the financing of the buy-to-let project in Poland called Zlota 71, Poland V. The investment offer consists of a five-storey apartment complex with commercial premises, outdoor parking slots, storage units and indoor garages located at Zlota 71, Kalisz, Poland.

Kalisz is regarded as the oldest city in Poland, known for its picturesque Old Town and vibrant university culture.

The asset is just a 5-minute drive or a 20-minute walk from the city’s Cathedral, providing future buyers with convenient access and excellent connectivity to the city center.

The financed project consists of a 1.04 ha plot of land and a building of 11,210 m², for which a building permit has been issued allowing the building to be subdivided into separate apartments and to be converted to residential use.

The project will comprise 160 apartments with an average area of 53,46 m², 6 commercial premises with an average area of 157,67 m², 220 outdoor parking slots, 160 storage units and 5 indoor garages.

The projected sales value of the project is PLN 51,449,600 (EUR 11,833,408).

As of September 27th, 2024, the average price of new development apartments in the primary market in Kalisz is PLN 9,201 (EUR 2,116) per m², with prices ranging from PLN 5,500 to PLN 12,850 (EUR 1,265 to 2,955) for units between 40 and 60 m², according to the leading Polish property listing site Otodom.pl.

The projected profit on the sale of the project is PLN 7,336,200 (EUR 1,687,326), which would be shared between the project owner and the investors. 

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 tax fee, see the table below for more details. 

Investors will be paid a fixed interest rate of 11.5% – 12% per annum each month, depending on the amount invested. 

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.

The maximum loan duration for this project is 24 months.

The loan-to-value (LTV) ratio for this project is 70%.