Ristiku 4, Pukamäe küla, Kohila vald (I)
Semi-detached house with 2 apartments, Pukamäe, Kohila
- Start of investment period05.07.2021
- Start time18.06.2021 10:55
- Asset classResidential
- Investment typeDevelopment
- Investment end date31.12.2021
- Remaining term5 months
- Expected rate of return9.5% p.a.
- Expected cash yield%
- No of investors179
- Goal€50 000
The purpose of this current investment opportunity is to finance a semi-detached house project at Ristiku tn 4, Pukamäe municipality, Kohila parish, Rapla country, Estonia. The project is located 30 min away by car from the Tallinn city centre and close to Kohila town with developed infrastructure.
Investors will be offered an opportunity to finance the construction of row-house with four apartments in total amount of EUR 250,000 with two investment rounds. The amount of the first round is EUR 50,000. Construction is in progress - foundation is done and walls are up, the roof will be installed in first week of July. The construction deadline is October-November 2021.
All two apartments have been pre-sold with notarised agreement.
The fixed interest rate is 9,5% p.a. There are no periodical interest payments. The investment period is up to 6 months.
Apartment sizes are 93,3 m2 (2 apartments). The average apartment price is EUR 149,000.
The loan is secured by a first-rank mortgage on residential land plot at Ristiku tn 4, Pukamäe municipality, Kohila parish, Rapla county.
According to the evaluation report of one apartments, the current value of all two apartments at Ristiku tn 4 is EUR 90,000 . According to that, the ratio of the current liabilities and collateral value (LTV) is 56%.