Tam Paton. Picture: Gareth Easton
Published on Tuesday 26 February 2013 09:10
FORMER Bay City Rollers boss Tam Paton’s home has finally sold — for £290,000 less than the asking price.
The five-bedroom mansion in Gogar, Edinburgh — which the 70-year-old shared with a number of young men — struggled to attract a buyer
because of its past.
Despite going on the market for £700,000 in September 2011 — and once being valued at £1 million — it has now been sold for £410,000.
The proceeds from the sale — which Paton had built for £29,000 in 1974 — will go to good causes named in his will.
Paton died of a heart attack in 2009, and left his £2.6m fortune to a children’s hospice and animal charities. A spokesperson for selling agents Blair Caddell confirmed the property had been sold.
Despite going on the market for £700,000 in September 2011 — and once being valued at £1 million — it has now been sold for £410,000.
The proceeds from the sale — which Paton had built for £29,000 in 1974 — will go to good causes named in his will.
Paton died of a heart attack in 2009, and left his £2.6m fortune to a children’s hospice and animal charities. A spokesperson for selling agents Blair Caddell confirmed the property had been sold.
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