Agent won't reveal Waimarama house sale price

A beachfront Waimarama house being sold by receivers went under the hammer on Thursday night.
The sale of the property, with a rateable value of $1.25 million, won't officially go through until 10 days after the auction date.
Agent Alison Small, of Tremains, said she couldn't reveal the sale price, but said there had been "quite a bit of interest" in the property.
About 35 people attended the auction, with several bidders.
The property was owned by Property Food and Technology, which was placed in receivership on August 3. Feilding businessman Kenneth Thurston was the sole director and shareholder of the company, which was placed in receivership by South Canterbury Finance.

- Hawkes Bay Today

Get the news delivered straight to your inbox

Receive the day’s news, sport and entertainment in our daily email newsletter


© Copyright 2016, NZME. Publishing Limited

Assembled by: (static) on production apcf04 at 05 Dec 2016 22:11:26 Processing Time: 711ms