Investment in Palanga, Lithuania

Lithuania, Palanga
Archive cost €90,000
Sold or out of date
Updated at: 04/11/2023

Location

Country: Lithuania
State: Utena County
City: Palanga

Description

Lithuania.Palanga Investment project in Palanga Short-term investment project in Palanga, a resort town on the Baltic Sea. Project readiness 42% Project implementation period: 4 months Financing need: from 90,000 € to 275,000 € Project location: Šväntoyi district, secluded resort quarter within walking distance (800m-1 km) from urban infrastructure and beautiful beaches with dunes. 1 km from the project, the construction of a port for small vessels and yachts is underway, and, according to the port project, the entire infrastructure of the area will receive modern development. This allows us to predict the increase in property prices in the area. Palanga is a small European resort with centuries of history, well known and popular among tourists from European countries and Russia. Good car and train message, there is an international airport. The need for rental of apartments in areas near the sea is very high. In addition, small-sized apartments, which make up the bulk of this project, are well sold. The village has a very favorable location for relaxation. It is a quiet and peaceful place away from the bustle of the center of Palanga, but at the same time within walking distance of all necessary infrastructure and the beach. The quality of the construction of the village is high. The village is a complex of comfortable apartments built in the format of suburban real estate in nature. For example, all apartments have separate entrances, panoramic windows, a fireplace and a small area for the terrace and barbecue area. At the same time, the price segment of the facility - from 50,000 € - is the most popular among buyers. The purpose of the project: to receive investments to complete the construction of the 1st stage of the village - 3 houses, each for 4 apartments, and a separate cottage with the arrangement of the adjacent territory. A total of 12 apartments (area from 32m2 to 42m2), a separate cottage of 73m2, 13 parking spaces, a territory for outdoor activities. Land and buildings are owned by the project developer, have a unique number and are registered in the Lithuanian Real Estate Register. Communications (gas and electricity) are already on site, all permits have been obtained, and a project for bringing to houses has been approved. An investor can choose the preferred option to participate in the project: 1. investments of 90,000 € for a period of 6 months on the security of part of the completed construction at 40% per annum; 2. investments of 120,000 € for a period of 1 year on the security of part of the completed construction and part of the shares of the developer at 36% per annum; 3. investments of 275,000 € for a period of 1.5 years on the basis of completed construction and part of the shares of the developer at 36% per annum or% of the project profit. Responsibilities of the developer: to carry out a set of work to complete the construction according to the technical project with the involvement of a contracting organization (the contractor is found, the estimate is ready), organize the sales process, conduct all transactions at the facility. Apartments for sale are open. The deal is with a Lithuanian notary. Stages Implementation time 1. Opening a personal account to an investor in a Lithuanian bank 3 days 2. Filling the investor's account for 3 days (calculations in Russia are possible) 3. Notarius made a deal for 3 days 4. Receiving an advance for the continuation of construction work 3 days 5. Construction work, reports to the investor 90 days organization of the process of selling apartment displays conclusion of purchase and sale transactions 6. Payment for construction stages During stage 5 7. Final calculation and distribution of profit 7 days. Distribution of profit between project participants Investor: returns initial investments from 90,000 € and receives from 36% per annum of the amount contributed or% of the project profit. Developer: receives% of the project profit and returns its investment. The estimated project profit will be from 370,000 €

Location

Lithuania, Palanga