Reasons to invest in the project V18, Vilnius VI:
Attractive Returns: 10.25 – 11.5% p.a. paid monthly;
Variable Capital Gains: up to 30% of project profit shared with investors;
Strong Collateral: an independent appraiser has valued the project assets at EUR 7,242,000;
Growing Demand: Located in Naujamiestis, a rapidly developing central part of Vilnius;
Loan-to-Value Ratio (LTV) After This Stage: 56% (max. 70%).
The InRento team presents a sixth stage of project – V18, Vilnius VI, located in one of the fastest-growing districts of Vilnius – Naujamiestis, at Vytenio St. 18.
The investment offer consists of 2,702 sq. m. premises in a renovated building with two elevators. The funds will be used to fit out the premises. Once the premises have been fitted out, it is planned to manage and sell them.
The premises occupy the third through sixth floors of the building. Roof windows on the top floor provide natural lighting and allow for optimal space planning without losing usable space.
It is planned to create 84 apartments, each equipped with all necessary utilities, including electricity, water, and sewage. This will allow the premises to be easily adapted for both residential and commercial use. At the same time, the project owner is planning to create up to 30 storage rooms.
Since the first financing stage, on fifth and sixth floors all preparation works have been completed. Partition walls, plumbing, and heating systems have been installed in all apartments on mentioned floors. The project owner is now preparing for corridor fit-out works and the installation of apartment doors.
The project's key competitive advantage is its attractive location – just a 15-minute walk from the historic Old Town of Vilnius and only 5 km from Vilnius Airport. This indicates convenient transport links in a rapidly growing part of the city, close to innovation centres such as Cyber City, Tech Zity, and Vinted.
The project owner is Vytenio turtas, UAB. The company's director, Albertas Šlajus, has been working in the real estate sector for over ten years and has extensive experience in implementing real estate investment projects. A. Šlajus specialises in the acquisition, conversion, and sale of real estate, focusing on high-demand segments in the rapidly growing districts of Vilnius.
A. Šlajus successfully operates similar projects financed on the InRento platform: R34, Vilnius, Forest 22, Vilnius, Bajorai 20, Vilnius, D31, Vilnius. A. Šlajus this year alone has realised almost 1,000 sq. m. in these projects, and each sq/m generated EUR 550 gross profit on average. The profitability of the projects, monthly interest payments, and partial loan repayments demonstrate the attractiveness and liquidity of these projects and the project owner’s ability to effectively manage workflows.
The project owner's profit from selling all the apartments is expected to be up to EUR 700,000, 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 21 months.