Updated Dec 21, 2023
£5M Edinburgh Multifamily Sale At 6-8 Wemyss Place With Buyer's Rep Mark Fleming And Seller's Rep Euan Kelly
6 Wemyss Pl, Edinburgh Eh3 6 Dh, Uk
$5,000,000
$404/SF
Building Size
12,368 SF
Asset Type
MultiFamily
Closing
Apr 1, 2020
About this deal
AI
The multifamily property located at 6-8 Wemyss Place in Edinburgh has been sold for a price of £5,000,000. The property spans a total area of 12,368 square feet, resulting in a price per square foot of £404.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: £5,000,000
- SF: 12,368
- PPSF: £404
- Address: 6-8 Wemyss Place
- Market: Edinburgh
Mark Fleming from Savills represented the buyer in this transaction, while Euan Kelly from Knight Frank acted as the seller's representative.
The multifamily sale at 6 Wemyss Pl, Edinburgh Eh3 6 Dh, Uk in City of Edinburgh, Scotland sold for $5M in 2020. The building is 12,368 square feet, implying about 404 per square foot on the published price. This page is the City of Edinburgh, Scotland file for the 6 Wemyss Pl, Edinburgh Eh3 6 Dh, Uk multifamily sold: pricing, party profiles, and other closed multifamily comps from the same City of Edinburgh sit in the Market section below. Filter that City of Edinburgh multifamily set by closing date to see what else sold near 6 Wemyss Pl, Edinburgh Eh3 6 Dh, Uk around 2020. Published consideration for 6 Wemyss Pl, Edinburgh Eh3 6 Dh, Uk is $5M, dated 2020. Cite this £5M Edinburgh Multifamily Sale At 6-8 Wemyss Place With Buyer's Rep Mark Fleming And Seller's Rep Euan Kelly sale when underwriting similar multifamily product around City of Edinburgh, Scotland.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93