Summary - IRON MOUNTAIN, WELLHEADS TERRACE AB21 7GF
1 bed 1 bath Industrial Park
Large warehouse asset with strong covenant and short lease term.
Let to Iron Mountain (UK) Limited, passing rent £500,000 pa
A secure, income-producing industrial asset in an established Aberdeen estate, let to Iron Mountain (UK) Limited with a strong corporate guarantee from Iron Mountain Europe Limited. The tenant’s Dun & Bradstreet ratings (5A2 tenant, 5A1 guarantor) underline covenant strength and the property currently generates a significant passing rent of £500,000 per annum.
The buildings offer large, high-ceiling warehouse space with multiple loading bays, generous external yard and parking on a very large plot — practical for logistics, storage and distribution. The site sits within a mature industrial area with reasonable transport access and excellent mobile signal, supporting modern operations.
Important note for buyers: the lease expires on 24 May 2030 (subject to break) with only around five years remaining and an upcoming open market rent review in May 2025. This limited term is a material financing and re-letting risk; some mortgage lenders may decline to lend. Broadband speeds are slow and the wider area shows local deprivation indicators, which may affect occupational demand for certain uses.
Available for purchase in isolation at £5,500,000 or as part of a wider portfolio, this lot will suit investors who accept short lease length and review timing, or who plan to refinance, relet or extend the income term.
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