Friday 7 August 2009

Black and white and red all-over

Is everything even remotely touched by Newcastle United destined to plummet in value?
Retail tycoon Mike Ashley is desperately hawking his comedy football club around the City for a £20m cash down payment, and now I learn of a struggling property deal.
Swainston Hall, an 8,000 sq ft neo-Georgian mansion based on a Robert Adam design, is located on the Wynyard Hall estate developed by former Toon chairman Sir John Hall.
It is currently being offered at a 15% discount for £2.95m and estate agent Jackson-Stops says: "The house is a real one-off, so quite hard to value."
Evidently.

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