Apartments for sale in Vilnius. This is a purchase and hold investment where staggering ROI will be experienced.
Description : At Tucana Investment Property we see this development as an excellent investment in an up and coming area of the Old Town in Vilnius, Lithuania The development consists of 58 apartments in a courtyard style building located on Sv.Stepono Gatve on the edge of the Old Town Completion of the development: The project will be completed in September 2007. Location: Edge of the Old Town, 15 minutes walk/5 minutes drive by car to the Town Hall in the centre of the Old Town Deposit: One off payment of 15% with the remaining amount due on completion Price: Starting at £58,061 for a studio apartment. Car parking: Two underground levels from £5,743 Rental Demand: As this is well located you will expect to obtain good rents for these apartments. Potential Future Growth: For the the Sv. Stepono Development to reach the same prices of a similar style development in the centre of the Old Town it would have to grow 53%. This is quite achievable over 3 years which would put growth for the development at 17.6% per annum.