Pilies 10 in Vilnius

Name: Sales in Pilies 10 started!
Start: 2022-02-23T11:07:07.070122+00:00
End: 2023-12-31T23:59:59+0000
Location: Pilies 10

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Project info

Object ID: 18534

Finished at	December 2021
Price, m²	From 2350$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 40.00 m²
Floors	—
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

94,000$

Net profit

5,883$

Payback period

11.6 years

Avg property value increase per year

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About the project

It is a considerable challenge to revive a building in the Old Town of Vilnius, on Pilies Street, which is almost the most visited by tourists and citizens.

Almost 2000 sq.m. area - exclusive commercial and residential areas.

Previously, the Argentinian food restaurant El Gaucho was located in the basement, the Sophistique beauty salon on the ground floor, the Caucasus food café on the ground floor, and the Atrium hotel on the second and third floors.

We set several goals when purchasing the object.

First of all, to revive the building so that Vilnius residents and guests of the city would enjoy an authentic, but at the same time tidy, beautiful and renovated building, which would inspire both those living in it and those passing by.

Also to renovate the premises while preserving the history of real cultural values.