Reasons to invest in the project Barska 8, Kraków I:
The financed property is located in Kraków's prestigious Dębniki district, just over a kilometre from Wawel Castle and the city's Old Town;
The project consists of exclusive and luxurious boutique-style apartments, each with a terrace or private garden;
Projected profit from the sale of apartments: EUR 1,214,860;
Monthly interest payments with an attractive annual return of 9.25% – 10.5% plus an additional fixed annual capital gains of 1.5% (payable at the end of the project);
The loan-to-value (LTV) ratio for this stage of the project is only 43%, with a maximum LTV ratio of 70%;
An independent appraiser has valued the financed property at PLN 13,421,825 = EUR 3,087,019 (1 PLN = 0.23 EUR).
The InRento team presents a new buy-to-let project – Barska 8, in Kraków I, one of Poland's oldest and most beautiful cities.
Kraków, the former capital of Poland, is now the second largest city in the country after the current capital, Warsaw. The city is located in southern Poland, on the Vistula River, and is famous for its historical and cultural heritage.
The financed property is located in the prestigious Dębniki district of Kraków, just over a kilometre from Wawel Castle and the city's Old Town. The location offers excellent transport links, green areas along the Vistula River and has growing interest among residents, students and tourists. The strategic location enhances the project's attractiveness for long-term investment.
The investment offer consists of a five-storey, 634 m² apartment building located in the prestigious Dębniki district at Barska 8, Kraków, Poland. Currently, the following work has been completed on the building: foundations have been laid, masonry and structural work on all floors has been completed, walls, ceilings, roof and windows have been installed, a passenger lift has been installed, and technical connections have been made. The following work remains to be completed: installation and facade work, installation of a car lift, installation of a staircase and landscaping of the garden and the entire project area.
Once all the installation work has been completed, the project will consist of three exclusive, luxurious boutique-style apartments, each with a terrace or private garden, underground car parking, and a passenger and a car lift.
The apartments are located near the Vistula River and have direct access to it. The project is aimed at luxury buyers who appreciate the cultural environment and a high quality of life. The building has been carefully restored, preserving its authentic historical exterior, while the interior features modern finishes and high-quality materials.
The project owner is 3N Invest Sp. z o.o. The project team consists of a professional and experienced team from Frena Sp. z o.o. SKA has been implementing luxury and exclusive real estate renovation projects since 2009, focusing on high quality and living standards. Frena Sp. z o.o. SKA's project portfolio includes 19 boutique projects in Warsaw and Kraków, 15 of which have already been successfully completed.
Investors will receive a fixed monthly interest rate of 9.25%–10.5% per annum, depending on the amount invested.
This project also has a fixed annual capital gains of 1.5%, payable at the end of the project. This raises the total project yield from 10.75% to 12% per annum.
The maximum loan term for this project is 36 months.