A clifftop property owned by party pills godfather Matt Bowden has been sold by mortgagee sale for $600,000 below CV.
Mr Bowden's former empire - including a property portfolio valued at about $5 million - is being sold off as liquidators and First Mortgage Trust try to recoup at least $1.42 million, including an $850,000 bill to IRD.
A North Shore property at 80 Cliff Rd, Torbay, fetched $1.985 million yesterday.