114/124 Commerce Street, Frankton, Hamilton City, Waikato
Hamilton, New Zealand
Guide Price
$287,100
495,000 NZD
PROPERTY TYPE
Condo
BEDROOMS
2
BATHROOMS
2
Description
Built in 2021, this contemporary two-bedroom, two-bathroom apartment delivers easy urban living in a secure, well-managed complex just moments from Hamilton’s most loved amenities. Light-filled and cleverly laid out, the open-plan living area extends to a covered balcony that's perfect for unwinding outdoors, hosting a quiet drink, or simply enjoying the sunshine without leaving home. The modern kitchen
features crisp cabinetry, quality appliances and a functional island bench, making everyday cooking practical as well as enjoyable. Both double bedrooms are generously sized with good natural light, and the two tidy bathrooms offer convenience for flatmates, guests or visiting family. A designated secure car-park and lockable storage unit add real value, giving you room to store bikes, boxes or weekend gear - a rare bonus this close to the CBD. The
location is unbeatable. You’re within easy walking distance of Hamilton Lake, the FMG Stadium and the city centre’s cafés, retail, supermarkets and transport links. With food outlets and shops right on your doorstep, this is a lifestyle that’s connected, convenient and incredibly low-maintenance. Currently returning $550 per week with tenants in place on a periodic tenancy, offering immediate income and added flexibility for investors or future owner-occupiers. For this modern, secure and beautifully positioned city base that's ready to reward you from day one, contact Daniel Jury to set up a viewing or get the property documents. Viewings by appointment only. *AI editing has been used to remove some tenant belongings from images
Location
Open in Google MapsLiving in Hamilton
Morning surf before work, weekends tramping through Lord-of-the-Rings landscapes, and a laid-back culture where shoes are optional and nature is never more than ten minutes away.
Visa
Skilled Migrant Category Resident Visa — points-based system requiring a skilled job offer in NZ. New pathways opening August 2026 for trades workers and those with 5+ years experience. Accredited Employer Work Visa is the faster route if you already have a job offer.
Learn more: The Complete Guide to Moving to New Zealand→Key Fact
NZ has strict biosecurity laws — importing food, plants, or outdoor gear can result in heavy fines. The work-life balance is exceptional, but the job market is small and remote from everywhere.
Learn more: What You Need to Know Before Moving Abroad→New Zealand at a glance
How New Zealand scores for American expats
Cost of buying in New Zealand
Estimated fees and ongoing costs for this property
Closing Costs
3-5% of purchase price
- ·No stamp duty
- ·Legal/conveyancing: NZ$1,500-3,000
- ·Building inspection: NZ$500-800
- ·LIM report: NZ$300-400
Annual Costs
Property Tax
0.3-1.5% of government valuation (varies by council)
Insurance
NZ$1,500-3,000/yr
HOA / Condo Fees
NZ$300-600/mo for apartments (body corporate)
Good to Know
Agent Fees
Seller pays (2.5-4%)
Foreign Buyer Note
Foreign buyers BANNED from existing homes (2018 ban). Can only buy new-build apartments in large developments.
Legal help in New Zealand
Hire your own attorney — not the seller's. We'll match you with a vetted local lawyer.
Need a local attorney in New Zealand?
We'll connect you with an independent, English-speaking real estate attorney experienced with foreign buyers. Not the seller's lawyer — yours.
Contact Agent
Daniel Jury - Arizto Ltd (Licensed: REAA 2008)
Next steps for moving to New Zealand
Interested in this property? Here's how to move forward.
Understand the buying rules
Foreign ownership laws vary wildly by country. Some welcome you, others restrict or ban foreign buyers entirely.
Sort out your visa
Owning property doesn't give you the right to live there. Research residency options before you buy.
Plan your finances
Understand currency risk, international wire transfers, and whether you can get a local mortgage.
Know your tax obligations
US citizens are taxed on worldwide income. You'll need to file US taxes from abroad and may owe local taxes too.
Set up healthcare
Medicare doesn't cover you overseas. You'll need international health insurance or a local plan.
Run the full checklist
Banking, mail forwarding, power of attorney, pet import rules — the complete pre-move checklist.
realestate.co.nz
NZD


