Detail Descripton

The “InRento“ team is introducing a new buy to let investment opportunity: S7, Vilnius. The investment offer consists of commercial premises located in the central part of the city, at Švitrigailos str. 7, Vilnius. These 249.51 m² premises are located in one of the most promising districts of Vilnius - Naujamiestis (Newtown). 

These premises have existing rental agreements with six different companies. "Mikrobiurai" - the manager of the company, is Linas Ginaitis, who specializes in the sale of residential housing, lofts, commercial property and land plots. Linas Ginaitis also has experience in developing massive residential plots and micro-lofts/ micro-offices projects. The project owner plans to fully renovate the interior of the property.

The project owner will pay a fixed annual interest (as a rental return) to investors. The annual interest rate: 6.5-7% depends on the amount invested (more information below). This project also has a fixed percentage of capital gains. Investors are guaranteed a 2% return on capital gains per year, which raises the overall return on the project to at least 8.5% per annum.

The loan term is 36 months.

Offices in an attractive area - in the central part of Vilnius;
Fixed, attractive annual rental income;
The fixed interest is indexed to inflation;
The fixed annual return on capital gains (+2%);
The premises were appraised by an independent valuer at 391,000 EUR 
The project owner is an experienced real estate administrator;

Financial Terms

InRento investors are granting a loan to the borrower. The loan is secured with a first-charge mortgage which in case of the borrower’s inability to fulfil financial obligations would be used to repossess the asset.

The capital gains are fixed and payable together with the repayment of the loan amount for the preceding instalments ("Instalment"), with the return for each successive Instalment being added to the calculation of the return. The Instalment shall be considered as per one calendar year. A fixed increment of 2% shall be applied to the Instalment.

Example calculation: If the Loan is repaid after one year, a fixed return of 2% applies. If the Loan is repaid after two years, a fixed return of 4% applies. If the Loan is repaid after three years, a fixed return of 6%. The profit margin is payable whether or not the Loan is repaid on sale of the property.

Rental income (interest) is paid to investors on a monthly basis (on the 25th day of the month). If the 25th day is a non-working day, then the next working day.

The interest will be paid out the next month on the 25th day day after the mortgage is placed. The interest is calculated after the mortgage is being placed.

When investing:

Up to 4999 € - the annual return is 6.5% + 2%.

5000 € – 14999 € - the annual return is 6.6% + 2%.

15000 € – 29999 € - the annual return is 6.7% + 2%.

30000 € – 49999 € - the annual return is 6.85% + 2%.

50000 € and more - the annual return is 7% + 2%.

The project owner (borrower)

MB “Mikrobiurai“ - is a company serving as a special vehicle for “InRento“ investments. The CEO of the company is Linas Ginaitis, who specializes in the sale of residential housing, lofts, commercial property and land plots. Linas Ginaitis also has experience in developing massive residential plots and micro-lofts/ micro-offices projects.