Iron Mountain – Leeds

B&M Retail – Leek
16/08/2017

Iron Mountain - Leeds


The property is located in Premier Park approximately 9 miles south of Leeds city centre and is adjacent to the M62 motorway, the principal route which links Leeds to Manchester with access to Junction 30 of the motorway in less than 1 mile. The M62 motorway links with the M1, A1 (M), M60 and M6 afford excellent transport throughout the UK. It is a modern unit, constructed in 2002 comprising 71 186 sq ft and benefits from an eaves height of 34 feet, 2 dock levellers and 4 level access loading doors. The property is leased to Iron Mountain UK Ltd, part of a global data storage business, expiring on 4 January 2030.


Location Premier Park, Leeds
Use A single storey, warehouse with 2 floors of ancillary office accommodation.
Size 71 186 square foot plus 3125 sq ft external canopy area (site cover of 33%)
Tenant Iron Mountain UK Limited (D&B 5A1)
Lease expiry 4 January 2030
Acquisition yield 5.7%
Type of lease Fully repairing and insuring (ie tenant responsible for all operating costs), subject to annual 2.5% fixed increases, compounded and effective 5 yearly.