3 room apartment 190 m² Vilnius, Lithuania

DIFFERENT INVESTMENT PROJECT IN THE SENAMIOR OF VILNIUS - PATERAL TO THE EXISTING CONSTRUCTION ALLOWANCE 3 BUTS 190 sq.m. 124; 3 apartments An investment project of 190 m ² is sold in St. Stephen Street, Vilnius Old Town - an unequipped attic with a fully prepared project and a valid building permit for three 2-3 rooms apartments. The main advantage of this object is that the investor does not need to waste time in designing, combining or obtaining permits. All the most difficult stages have already been overcome, so the construction work can start immediately after the acquisition. The project provides for three separate apartments: • 2-room apartment - 55,6 m ²; • 3-room apartment - 67,6 m ²; • 3-room apartment - 66.5 m ². All apartments are designed for mansards, rooftops, autonomous floor heating (air- water), fireplaces and all communication of the city. It's dry and neat. Part of the work already done: • concrete and flat floor; • Water supply and sewerage pipeline; • built partitions between the apartments. It also provides for the replacement of roof coverings with high quality and economically viable materials. NAM The object is located in a solid wooden house of the 19th century with thick walls and high ceilings. The building has been renovated several times in its history, at the moment all apartments have been redeemed in the house, common spaces and staircases have been arranged. LOCATION St. Stephen Street is one of the most interesting places of Vilnius Old Town for both life and investment. Just a few minutes on foot to the Town Hall Square, there are many restaurants, cafes, business and cultural objects. In this part of the Old Town there is a particularly strong demand for small, exceptional apartments, and the market supply of attic apartments remains extremely limited. INVESTMENT POTENTIAL Preliminary cost of installation: • installation - about 1 200-1 500 EUR / m ²; • furniture and equipment - about 200- 400 Eur / m ². Currently, sales prices of similar newly furnished apartments in this part of the Old Town start from 6 000 EUR / m ² and more. In recent years, consistent price increases have been observed here, which may make the realisation of the project even more attractive after the completion of construction. According to conservative calculations, the project can generate an investment return of around 38-42% in less than one year, depending on the installation solutions chosen and the time frame for their realisation. For potential buyers, we will provide detailed financial calculations of the project, installation budgets, projected sales prices and profitability analysis. Additional advantage - the object belongs to the parking place in the enclosed yard. If you are not looking for another RE object, but for the development of a practically prepared project in one of the most desirable places in Vilnius - I invite you to contact us. Characters NT Consultant Tel. Real Estate - Quiet, fast and with Smiley! You can find all the latest CAPITAL real estate ads on our website www.capital.lt. Please visit!