Converted Dairy Factory Could Be Cream Of Crop For Commercial Property Investors

State Highway 26 – Dairy Factory Lye | Photo: Hamilton Milk

An historic converted dairy
factory that once delivered milk across Hamilton and now
houses a cutting-edge electronics business has been placed
on the market for sale.

State Highway 26 

building’s Art Deco façade at 436A State Highway 26, in
Newstead, is a familiar sight for motorists travelling the
busy route between Hamilton and the beach resorts and
holiday-homes of the Coromandel.

Constructed in 1935,
just after the Great Depression, the Newstead milk supply
plant (initially the Hamilton Co-operative Pure Milk
Company) traded through WWII before being bought by the NZ
Co-operative Dairy Co in 1947.

It was co-founded by
Frederick Lye, who served as a member of parliament for
Waikato for more than a decade in the 1920s and 1930s. He
was awarded the

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New Crop of U.K. Homes, Next to a Famed Racing Track, Appeal to Motorsports Aficionados

Perfectly suited to motorsport aficionados, a handful of luxury homes trackside at the U.K.’s famed Silverstone racing track, home of the British Grand Prix, have recently been launched to the market.

The 12 units are the first phase of time-share style residences to come up for sale at Escapade Silverstone, a 60-unit development that’s a matter of meters from Formula 1 circuit’s crash barriers and overlooks some of its most infamous corners and bends, according to a recent news release from estate agency Savills, who are handling sales.

The first phase of homes are priced between £650,000 and £1.65 million (US$840,147 and US$2.1 million) and include two- , three- and four-bedroom properties. They’ll be fitted with cantilevered terraces, full of light, and with underfloor heating and high acoustic specifications, Savills said.

Unusually, owners won’t have unlimited usage to the properties, but will be able to use them up to a

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