Lithuania
,Palanga
Investment project in Palanga
A short-term investment project in Palanga, a resort town on the Baltic Sea.
Project readiness 42%
Project implementation period: 4 months
Need for financing: from 90,000€ to 275,000€
Project location: Shvantoyi district, a secluded quarter of the resort within walking distance (800m-1 km) from the city infrastructure and beautiful beaches with dunes.
A port for small vessels and yachts is being built 1 km from the project, and according to the port project, the entire infrastructure of the area will receive modern development.
This allows you to predict the growth of real estate prices in this area.
Palanga is a small European resort with a century-old history, well-known and popular among tourists from European countries and Russia.
Good car and railway communication, there is an international airport.
The need to rent apartments in areas near the sea is very high.
In addition, apartments of a small area, which make up the main part of this project, are well sold.
The village has a very favorable location for recreation. This is a quiet and peaceful place away from the hustle and bustle of the center of Palanga, but at the same time within walking distance from all necessary infrastructure and from 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 plot for a terrace and barbecue area.
At the same time, the price segment of the object - 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 settlement - 3 houses, each with 4 apartments, and a separate cottage - with the arrangement of the adjacent territory.
There are 12 apartments in total (area from 32m2 to 42m2), a separate cottage of 73m2, 13 Parking spaces, an area for active recreation.
The land plot and buildings are owned by the developer of the project, have a unique number and are registered in the Real Estate Register of Lithuania.
Communications (gas and electricity) are already on the site, all permits have been obtained, the project of bringing to the houses has been approved.
The investor can choose the preferred option of participating in the project:
1. investment of 90,000€ for a period of 6 months or more secured by part of the completed construction at 40% per annum;
2. investments of 120,000€ for a period of 1 year or more secured by 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 or more secured by completed construction and part of the shares of the developer at 36% per annum or % from the profit of the project.
Responsibilities of the developer: to carry out a complex of works on completion of construction according to the technical project with the involvement of a contractor (the contractor has been found, the estimate is ready), to organize the sales process, to conduct all transactions on the object.
Apartment sales are open. The transaction is concluded with a Lithuanian notary.
Stages
Implementation time
1. Opening a personal account for an investor in a Lithuanian bank
for 3 days
2. Filling the investor's account
3 days
(settlements are possible on the territory of Russia)
3. Entering into a transaction with a notary
3 days
4. Receiving an advance payment for the continuation of construction work
for 3 days
5. Construction works, reports to the investor
90 days
organization of the sales process
apartment screenings
conclusion of purchase and sale transactions
6. Payment for construction stages
During stage 5
7. Final calculation and distribution of profits
7 days
Distribution of profits between project participants
Investor: returns the initial investment of 90,000€ and receives from 36% per annum of the deposited amount or % from the profits of the project.
Developer: receives % of the project's profit and returns his investment
The estimated profit of the project will be from 370,000€
