Reasons to invest in the project Zlota 71, Poland VI:
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: 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 7,998,093 (PLN 1 = EUR 0.2367).
The InRento team presents the sixth stage of the financing of the buy-to-let project in Poland – Zlota 71, Poland VI. The investment offer consists of a five-storey apartment complex with commercial premises, outdoor parking spaces, storage units and indoor garages in city Kalisz, Poland.
Kalisz – a city in central Poland, located in the Greater Poland (Wielkopolska) region. It’s widely considered one of the oldest cities in Poland.
The asset is 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 10400 sq. m. plot of land and a building of 11210 sq. m., for which a building permit has been issued allowing the building to be divided into separate apartments and to be converted to residential premises.
The project will comprise 160 apartments with an average area of 53.46 sq. m., 6 commercial premises with an average area of 157.67 sq. m., 220 outdoor parking slots, 160 storage units and 5 indoor garages.
The projected sales value of the project is EUR 11,833,408.
The projected profit on the sale of the project is EUR 1,687,326, which would be shared between the project owner and the investors.
Since the first financing stage, all preparation works have been completed, with new apartment partitions constructed across all five floors of the building, electrical installations have been completed in all newly formed apartments, facade works have commenced, and the majority of apartments already have windows installed.
Currently 53 project apartments are reserved.
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. For more information see the table below.
Investors will be paid a fixed interest rate of 11.5% – 12% p.a. monthly, depending on the amount invested.
Please note that the mortgage for this project signed, thus the interest for this stage 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 13 months.