Reasons to invest in the project Sea Apartaments 13, Palanga I:
The investment project is just a 12-minute walk from Vanagupė Beach in Palanga;
13 individual apartments, each with its own storage unit and a dedicated parking slot;
Variable capital gains – up to 30% investor profit share;
Expected profit from apartment sales reaching up to EUR 210,000;
Interest is paid monthly with an attractive 10.25% – 11.5% annual return;
The project owner has extensive experience in various renovation and conversion projects on the Baltic Sea coast, in Klaipėda, Palanga and Kunigiškės;
The maximum loan-to-value ratio (LTV) for this project is 70%;
An independent appraiser valued the project assets at EUR 1,104,000.
The InRento team presents a new buy-to-let project: Sea Apartments 13, Palanga I. The investment offer consists of a residential property situated near the Baltic Sea, including a land plot and additional premises, located at Vanagupės St. 2, Palanga.
One of the most attractive aspects of the project is its location. The property is surrounded by well-developed infrastructure, allowing Vanagupė Beach to be reached in just 12 minutes on foot. Vanagupė Beach itself is a clean and less urbanised part of the Lithuanian seaside coastline, valued for its natural environment and surrounding forests.
The financed project consists of a 513 m² residential house with 96 m² of bar premises and a 20-are land plot. The plan is to make efficient use of all available spaces by installing 13 separate apartments, each with an individual storage room and a dedicated parking slot. The planned average apartment size is 37 m².
Given its desirable location, the project owner aims to either rent or sell holiday homes.
The project owner – K8-5, MB is successful company led by director Donatas Banys. He has more than 15 years of experience in the construction sector, working as both an individual and a general contractor. His expertise lies in renovation and conversion projects in Klaipėda, Palanga, and Kunigiškiai.
Currently, the project owner is successfully implementing a similar project financed on the InRento platform – B35, Vilnius. In addition to regular monthly interest payments, the project has demonstrated repayment progress, highlighting the project owner's effective management capabilities.
The project owner's profit from selling all the apartments is expected to be up to EUR 210,000, which will be split between the project owner and the investors.
The project allows investors to earn a return on variable capital gains if the property is sold at a higher price. 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.
Investors will be paid a fixed interest rate of 10.25% – 11.5% per annum, depending on the amount invested.
The maximum loan duration for this project is 24 months.