"Baltozoli" is a modern apartment in one of the greenest districts in Riga, in accordance with the latest architectural trends and energy efficiency standards. The total area of 32 apartments is 1889m2, the house has 29 underground and 7 above parking places. Apartment layouts will create a sense of spaciousness and coziness for each family. Each apartment has large, high-quality windows, making the living room bright with great views of the green area. The house has a roof terrace, underground car parking, and children's playground.
The infrastructure of the Baltozolu district offers everything necessary for every family's needs - there is also a kindergarten, a school and a botanical garden, hospital, supermarkets, sports and entertainment centers, as well as public transport, providing convenient and quick access to any place in Riga. Distance to Riga center - 17 minutes by car.
This house will be an ideal place for families with children and people who value quiet and not noisy places. No need to make huge investments in the beginning, as a house was fully renovated at the end of 2017, which will higher payback at an early stage. Currently, there are no residents.
Reinvest24 investors have an opportunity to invest up to 2 702 000 EUR into "Baltozoli" property and receive the proportional part of the Project rental profit and capital growth, paid out as variable interest. The building is completely renovated at the end of 2017 and has new kitchen furniture in every apartment. Missing furniture will be purchased for complete funding.
The Property for investment with the address on Iecavas iela 1, Pārdaugava, Riga is a "Baltozoli" Residential house with 32 apartments. The property was fully renovated at the end of 2017 and located in one of the greenest districts in Riga, which will be an ideal home for families, who value nature, distance from the city noise, developed infrastructure and logistics.
Reinvest24 investors have an opportunity to invest up to 2 702 000 EUR into "Baltozoli” and receive a proportional part of the Project rental profit and capital growth, paid out as variable interest. We are listing 27 020 000 shares with the price of 0.1 EUR per share, minimum investment 100 EUR. The investment will be secured by mortgage of property held by Collateral Agent.
We purchase the house with the discount offer -10%, which allows us to cover the first expenses and fees. Apartments will be rented out right after the acquisition of the property. Most of the flats require furniture, which is already calculated in the first expenses. Some flats will be rented out without furniture only with long-term contracts and small discounts on annual rent. The property will be managed by our agent in Latvia.
We do not plan to change the property type in future, as there is great potential to earn on renting flats only to private residents. We expect to reach 50% of occupancy in 2 months and 90% in July 2018. Our investment will attract the new dwellers mostly because of its place benefits and reasonable quality/price offer on Riga rental market.
Our investment strategy is to rent "Baltozoli" as individual apartments, not as a single project.