The building comprises two levels of A-grade office space, totalling 1024.5sq m which is surrounded by an attractively landscaped parking area for 39 vehicles, plus 855sq m of high-stud tilt slab warehousing and a 73sq m canopy.
Bhana says the air-conditioned offices have a high standard of fit-out with a mix of partitioned offices, board and meeting rooms and open plan space plus a cafe, lunch room and 98sq m courtyard.
The warehouse is accessed via two roller doors at the rear of the property with a yard area for unloading containers.
"This is a superbly located industrial investment opportunity in what is widely recognised as one of Auckland's foremost industrial precincts due to its central position, excellent roading linkages and good access to labour," Bhana says.
Vestey Drive runs between Great South Rd and Mt Wellington Highway with easy access to and from the southern motorway and southeastern highway.
These links provide good connections to the CBD, Ports of Auckland and Auckland International Airport.
Estee Lauder renewed its lease for six years in December 2013 and has one further three-year right of renewal option in December 2019 with a rent review also due at that point.
Founded in 1946, the company focuses on prestige makeup, skin care, fragrance and hair care products which are sold in over 150 countries. Listed on the New York Stock Exchange, the multinational reported sales of US$11.82 billion for its 2017 financial year, with net operating income of US$1.25b.
