CN Properties has bought a substantial part of the old TT Electronics factory in Glenrothes to transform into small business units
A substantial part of the disused TT Electronics factory and site at Eastfield in Glenrothes is to be transformed into a series of small business units.
It has been bought by Glenrothes-based CN Properties, which already has a substantial portfolio of small and medium-sized business units in the area and recently completed the redevelopment of the Glenrothes Coachworks site at Woodside.
The firm plans to create eight small units within the original building, which has sat empty and unused since TT ceased operations some seven years ago, as well as a further development of 15 new build units on the site – all aimed at the small business market.
Each of the units on the busy Eastfield estate will measure around 1,200sq ft and suitable for a variety of uses including office, business, trade counter and warehousing.
CN Properties partner Colin Nikolic said: “Given the demise of large manufacturing business in Glenrothes it is good that these buildings are being brought back to use and the premises are providing much needed space to allow small businesses to start up and grow at reasonable costs.
“Our previous experience in refurbishing and subdividing disused buildings has been very successful and this development will mean we shall be in control of over 70 Units mainly in the Glenrothes area.
“This development shall see an investment approaching £2 million and we have no doubt as with the others this will be a success.”
With its proximity to the A92, Eastfield Industrial Estate has flourished and the area is now an established business park and industrial estate.
The area is also home to many long-established businesses such as Shadow Blinds, the Millennium Gym, Fife Accounts, Robertson Fine Art, Furnico and others.
There is also continuing development at the adjacent Bankhead Business Park, which includes a BP service station, Travelodge, Beijing Banquet restaurant and industrial and trade counters such as Screwfix, a national brand.