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News Release

Edinburgh

Glenrothes commercial property secures three new tenants


Edinburgh, 20 January 2012 – Craig Mitchell House on Queensway Industrial Estate in Glenrothes has secured three new tenants, occupying a combined total of 19,000 sq ft.

• Unit 3, comprising a mid-terrace unit of 4,250 sq ft, has been let to The Coachworks at a rent of £3.50 per sq ft.
• Unit 4, also comprising 4,250 sq ft, has been let to the Tyre Shop on similar terms.
• Energy provider N Power has signed up on 5,000 sq ft of refurbished, open plan and partitioned office space on the ground and first floor offices of Craig Mitchell House at £7 per sq ft.

Located in close proximity to both Glenrothes Town Centre and with good road links via the A92, Craig Mitchell House is situated adjacent to several well known tenants including Jewsons, Kwik Fit and Morrisons. The building was extensively refurbished in 2011.

Dan Maynard, Estates Surveyor at In Site comments: “We are delighted to have concluded three deals in what has been a difficult market in a short space of time. It’s testament to our good quality refurbishment programme, good value terms offered and the excellent location of the premises. Following the letting to N Power, we are now considering refurbishing the remaining 10,000 sq.ft. of office space, whilst continuing to attract tenants for the newly refurbished industrial units, available on flexible terms at competitive quoting rents”.

Kirsty Palmer, Associate Director for Jones Lang LaSalle, who acts for In Site, commented: “In Site’s extensive refurbishment of the site has reaped its rewards with these three lettings, all in close proximity of one another. With the remaining space offering well located, good quality office and industrial accommodation at a competitive price, we’re confident that we’ll receive more enquiries.”

Units at Craig Mitchell House are available from 4,000 to 25,000 sq.ft. at a quoting rent of £4 per sq.ft. pax.