There used to be a Baildon Ironworks here, founded in 1823 by Scottish engineer John Baildon. After almost 200 years the Ironworks went bankrupt. Currently the buildings of former ironworks are demolished and replaced by office buildings, creating a modern Mordor. The water tower is currently the most impressive from the still standing buildings.
I strongly advise to get the cache during the day. At night you may get an unwanted attention from the security (cache is hidden in a public place).