5/- MANSION
SCOTTISH WIDOW GETS IT LONDON, Nov. 23. Taking shelter in an auction room from the rain in Glasgow to-day, Mrs. Mary Reid, a widow, became owner of a mansion and an acre and a-half of ground for ss. The property formerly belonged to the late Mr. W.ll. Coats, the millionaire cotton manufacturer, and lie lived in it when ho was married. Mrs. Iteid heard the auctioneer ask for a bid of £SOO. Finally, in despair, he asked for ss, and Mrs. Reid bid it. There being no other bid, she got it, to the surprise of the crowd. The auctioneer explained that he had no option, there being no reserve.
The place, which is untenanted and dilapidated, has no ascertainable value, hut, the rates, assessed on rental value, come to £9O a year, and the ground rent is £4O.
The prico is unprecedented, hut Lord Trent’s mansion at Nottingham, which cost £6OOO, was sold recently for £7v
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Bibliographic details
Poverty Bay Herald, Volume LIX, Issue 17949, 29 November 1932, Page 5
Word Count
1595/- MANSION Poverty Bay Herald, Volume LIX, Issue 17949, 29 November 1932, Page 5
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