Objective of the loan
The amount of €198,000 is required for the financing, which is being raised in stages. The loan proceeds will be used for the further development of the real estate project, i.e. a semi-detached residential building with commercial premises, with the address Stoties g. 38, Panevėžys, Lithuania, with an area of 138,34 sq.m. and a completion rate of 28% and for the refinancing of the existing loan to UAB "Nordsreet". The loan will be repaid by refinancing with another financial institution or from the proceeds of the sale of the property under development. The amount that the project owner is contributing to the project is EUR 132,000.
About the project
The project consists of an irregularly shaped, level plot of land with asphalted driveways and an unfinished two-storey, three-storey, two-bedroom apartment building with retail space, which is to be completed in 2023. The building is designed as a three-storey building with attic and basement, pitched roofs. The project provides for separate entrances to the commercial premises and the residential premises. On the ground floor there will be a commercial premises, which will include: a sales hall, a warehouse, an office - a household room and a staff toilet. On the first floor there will be an apartment, which will include a living room with a kitchenette, three rooms, a bathroom with shower and a toilet. On the third floor and the attic there is a second apartment on two floors with a living room with a kitchen, four rooms, a bathroom and a bathroom. The second and third floors are planned to have glazed loggias, while the attic floor also has an open terrace. In the basement there are storage rooms, a boiler room and a fuel store. The floors are connected by a covered staircase. The basement and the boiler room have separate exits to the outside.
Because the proposed building is a corner building, the accesses to the building are planned to be accessed from Stoties and Utena streets. A separate entrance and parking for three cars is provided from Stoties Street for visitors to the shop. An entrance and parking for two cars is provided from Utena Street for residents. Landscaping, hard surfacing, vertical planning of the plot. The plot is fenced only from the adjacent residential plots, the plot is not fenced from the streets.
Electricity is to be brought to the plot via an underground cable from the KS-2787 located next to the plot. The household and stormwater networks, water supply and communications are to be connected to the street networks. A space for a gas inlet is foreseen. Heating is provided by a solid fuel boiler, but the boiler room also meets the requirements for a gas stove.Ventilation is provided by mechanical ventilation with heat recovery, each apartment will have its own separate heat recovery unit. A separate system is provided for ventilation in the commercial areas.
For more information on the project (see Documents).