401/70 Tennyson Street, Napier Central, Napier City, Hawkes Bay
Napier, New Zealand
Guide Price
$1,357,000
2,300,000 NZD
PROPERTY TYPE
Condo
BEDROOMS
3
BATHROOMS
3
Description
With the vendor firmly committed to their next chapter and a sale required, this exceptional penthouse is now offered for sale at a price of $2,300,000 (plus GST if any) presenting a rare opportunity for discerning buyers. Occupying the entire fourth floor of a landmark building in the heart of Art Deco Napier, this remarkable residence delivers panoramic coastal views and a lifestyle that is truly without equal in Hawke’s Bay. Offered to the market with clear and genuine motivation, it seamlessly blends timeless architectural character with bold, contemporary design. Renovated in 2022, the apartment spans an impressive 429sqm (approx.), featuring expansive open plan living, dramatic exposed beams, French oak floors, and oversized windows that flood the home with natural light. The sleek, European-inspired kitchen with stainless steel finishes and a generous scullery is designed for effortless entertaining and everyday ease. Three spacious bedrooms are all well-appointed with custom double wardrobes, while the bathrooms are finished to a luxurious standard, complete with floor-to-ceiling tiling, twin vanities, and underfloor heating. The upper-level primary suite is a retreat of its own, offering a private lounge or office space and a beautifully appointed marble bathroom. Crowning the residence is your private rooftop terrace, an extraordinary outdoor sanctuary with sweeping views across Marine Parade, the Napier skyline, and the coastline beyond. Whether hosting guests, unwinding under the stars, or simply enjoying the ever-changing seascape, this is penthouse living at its finest. Secure car parking, ducted heating and cooling and double glazing ensures absolute comfort and peace of mind. With the vendor highly motivated and committed to selling, this is a genuine opportunity to secure a statement residence in one of Napier’s most tightly held and desirable locations. Viewings are to be at scheduled open homes or contact us today to arrange a private appointment and experience this extraordinary penthouse for yourself.
Location
Open in Google MapsLiving in Napier
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
Sally Jackson - Eastern Realty Ltd (Licensed: REAA 2008) - Bayleys, Napier
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


