Operating serviced apartments in Prague
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Early Rental - Opportunity to Participate in Upcoming Rental Project Under Honest Ricany Brand.
This project will transition from Development to Rental 3 months after the investment.
Project minimum term is 12 months.
Introducing the flagman project by Vihorev Group, Honest Ricany.
A loan will be granted for Equity Refinance.
Currently, the project is in the final stages of construction and will soon move on to interior finishing.
The project will operate as service apartments under the management of Vihore Group. The planned opening date is mid-2024.
For the initial 3 months, the investment operates similarly to a standard Development (Bullet) investment, where interest accrues and is paid at the end of the period along with the principal. However, a distinctive feature of this investment is the guaranteed placement in future rental opportunities.
The investment process is as follows:
Investors allocate funds to the Early Rental phase.
Once you invest, interest begins to accrue.
After 3 months, investors receive their accumulated interest, as in the standard Development (Bullet) investment.
The principal amount is then reinvested into a new Rental project. This project has a minimum term of 12 months, offers an annual interest rate of 10%, and a maximum term of 60 months.
For subsequent rentals, interest payments will be distributed on a monthly basis.
This investment opportunity represents an opportunity to participate in a property capable of generating short, medium and long term rental income, offering an expected return of 10.00% per annum. This is in addition to an existing bank loan for the purpose of refinancing the borrower's own funds.
The overall minimum term of the project is 12 months, comprising a combination of 3 months (current project) plus 9 months (future Rental).
The property, named Honest Ricany, is situated in Ricany city, a suburb of Prague, connected by a direct highway to the city. The project involves a complete revitalization and expansion of the building in Ricany city.
Upon completion, the building will embody a combined work and living concept, offering modern serviced apartment housing and coworking spaces.
Project fundraising deadline is 15.05.2024
We are introducing this opportunity in response to the high demand for rental projects among our investors. With the Vihorev Group planning to launch this project in 3 months, we've decided to offer this early investment option. By investing now, you will receive your interest for the first 3 months in a single payment after this period and will continue to earn interest through the Honest Ricany Rental project.
Highlights:
Development with Auto-Invest in Rental
First Interest Payment in 3 Months, Followed by Monthly Payments
No Minimum Goal
Accruals start from the investment date
Introducing "Honest Ricany" by Vihorev Group, a pioneering Live & Work concept that aligns with the global trends of the "subscription economy" and "hustle-free" lifestyle. Situated in the serene suburbs of Prague, this 14-story edifice offers both convenience and modernity.
Residents of Honest Ricany will find themselves in a prime location, ensuring effortless commutes to Prague's city center, whether by public transport or car. The building is divided into two core components: residential apartments and a state-of-the-art coworking center, seamlessly integrating the live-and-work paradigm.
Apartments: Spanning from the 2nd to the 14th floors, Honest Ricany boasts 140 serviced apartments, including types 1KK, 2KK, and exclusive penthouse suites. Most of these apartments offer expansive views of the picturesque countryside starting from the 2nd floor. Designed for utmost comfort, each apartment comes furnished with essential household appliances. Residents will benefit from a 24-hour concierge service, dedicated parking for both vehicles and bicycles, complimentary internet access, and a user-friendly mobile app for real-time updates and service requests.
Workspace: The workspace space, spread across three floors, is a versatile hub tailored for today's professionals. It encompasses hot desks, private offices, meeting rooms, and expansive conference areas for larger gatherings. Furnished with cutting-edge technology and amenities for both work and leisure, it promises an optimal working environment.
Sustainability is at the heart of Honest Ricany. Constructed with the latest energy-saving technologies and environmentally-friendly materials, the complex also features green roofs, underscoring our commitment to ecological responsibility.
For more details, visit our official website: honestricany.cz. Join us in experiencing a modern, sustainable, and integrated lifestyle at Honest Ricany.
Product | Early Rental |
Loan purpose | Loan for equity refinancing |
Location of the funded project | CERNOKOSTELECKA 1623/14 RICANY |
Borrower | Vihorev Investments SE |
Collateral Value | 28.000.000 EUR |
Senior loan | 13.600.000 EUR |
Fintown loan | 5,000,000 EUR |
Borrower equity | 5,600,000 EUR |
Interest payout | Monthly payout from 3rd month |
Start of interest accrual | From the investment date |
Max. term of the project | 60 months |
The Honest Ricany project is a residential rental opportunity currently under construction, located in Ricany, a suburb of Prague.
The 14-story apartment building has undergone comprehensive renovation and expansion.
As of now, the project is in its final stage of development.
Project basic information
Total number of apartments | 140 |
Total amount of leased area, m2 | 7,025 |
Average area of a leased unit, m2 | 35 |
The rentals for Honest Ricany will be managed by the operating company, Vihorev Management Company s.r.o.
The launch of the apartment rentals is slated for mid-2024, and availability will be broadcast across various platforms, including Booking.com, Airbnb, Expedia, and Flatio.
Given its convenient location and superior living conditions, combined with the work & live concept, the property is anticipated to maintain an occupancy rate of over 90%.
Commission-free for the use of the Fintown platform.
No hidden fees for exiting at any time after min. term. during the project.
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