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.