Reasons to invest in the project D31, Vilnius V:
Attractive Returns: 9.25 – 10.25% p. a., paid monthly;
Fixed Capital Gains: 1.5% p. a., paid at maturity;
Secured Investment: first-rank mortgage on residential property and land plot at Dubliškių St. 31, Vilnius;
Loan-to-Value (LTV): up to 70%;
Projected Profit From Property Sales: EUR 400,000.
The InRento team presents the fifth stage of the buy-to-let project D31, Vilnius V. The investment offer consists of a residential house on a plot of land, situated just 50 meters from the Neris River in one of the greenest areas of Vilnius, Lithuania’s capital. The property is conveniently located only a 10-minute drive from the city centre, at Dubliškių St. 31, Vilnius.
The project owner plans to utilise the entire 578.74 m² house by developing 17 modern apartments, each with an average area of approximately 32 m². Additionally, 17 ground parking spaces will be constructed on the property. The primary focus of the project is rental income generation and future property realisation.
The project has already seen significant progress: preparation works have been completed, facade works are done and windows have been installed. Ground floor apartments with terraces have been formed. Inside, 17 separate units have been shaped with partitions, plumbing has been installed, and newly formed apartments doors have been fitted. Since the last financing stage stair cases were finished and painted and other apartments fit-out works have been done.
An independent appraiser has valued the combined land plot and residential house at EUR 849,000. The estimated profit from the sale of all apartments is projected to be up to EUR 400,000.
The project owner is Dubliškių namai, UAB, led by Director Albertas Šlajus, who is actively involved in real estate development. Over recent years, the project owner has successfully completed similar projects and is currently implementing projects financed on the InRento platform – R34,Vilnius, Forest 22, Vilnius, Bajorai 20, Vilnius, and V18, Vilnius. In addition to regular monthly interest payments, these projects have shown significant repayment progress, highlighting their attractiveness and the project owner’s effective management.
Investors will receive a fixed monthly interest rate of 9.25% – 10.25% p. a., depending on the invested amount. Additionally, a fixed annual capital gain of 1.5% will be paid at the end of the project. This raises the total project yield from 10.75% to 11.75% p. a.
Please note that the mortgage for this project has already been signed, thus the interest for this phase will start to accrue to the investors as soon as the funds are actually disbursed to the project owner.
The maximum duration of the project is just 15 months.