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Apartments Nugaletoju st., Vilnius

Profitus
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100 %
  • Status funded
  • Goal 78,000 EUR (€)
  • Raised 78,000 EUR (€)
  • Investors 202
  • Interest rate 12%
  • Credit Duration 12 month
  • The pooled funds will be used for the purchase of a residential house;
  • The owner of the project has extensive experience in property development;
  • The real estate project is being developed in the prestigious part of Vilnius – Antakalnis;
  • A small, attractive project is being developed, with terraces, forest views and a private courtyard, which will be sold at a competitive price.

About the project owner:
The project owner has developed different real estate projects („Traku slenis”, „Cepkeliu g. 15 a”, „Jogailos 11“, „Basanaviciaus 41“, „Gedimino 48-20“).

Project objective:
The pooled funds will be used for the purchase of a residential house in a prestigious area of Vilnius, currently owned by the crowdfunding platform „Profitus”. A preliminary sale and purchase agreement has already been signed and an advance payment of EUR 50 000 has been made. The owner of the project intends to divide the house into twelve separate apartments of between 30 and 70 square metres each. The apartments will be sold once the works are completed. The estimated sales proceeds are EUR 1 885 000 excluding VAT. The loan will be reimbursed from the sales proceeds. 

In the last 14 months, 35 apartments were sold in Antakalnis with an average selling price of EUR 3 890/square metres (while in the whole of Vilnius 2 286 apartments were sold with an average selling price of EUR 3 350/square metres). Due to the lack of space for new development in Antakalnis, the share of housing transactions in Antakalnis is only 1.5%, while sales prices are higher by about 17%. At the end of Antakalnis, Valakampiai, there are no primary market transactions registered and only 24 apartments on offer, with an average selling price of 4 521 EUR/square metres (39% higher than the currently publicly available price in Vilnius and 17% higher than the average price of the new-build apartments on offer in Antakalnis).

Interest by investment amount:
– From EUR 100 to EUR 499 – 12%
– From EUR 500 to EUR 4 999 – 12.5%
– From EUR 5 000 to EUR 9 999 – 13%
– From EUR 10 000 to EUR 24 999 – 13.5%
– From EUR 25 000 – 14%
Important: investments made separately are not aggregated and cannot be pooled.

We plan to raise the amount within 7 days, with the option of extending it to 21 days if we do not raise funds.

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