Dunlop Birmingham, 40 Fort Parkway, Erdington

Birmingham, West Midlands B24 9HL


  • Substantial industrial complex located in the prime industrial area known as Fort Dunlop, extending to 293,303 sq ft (27,248.9 sq m)
  • Located in Erdington, Birmingham, being close to Junction 5 of the M6 Motorway
  • Extensive site of approximately 10.75 acres
  • Upon completion of the sale, DUNLOP AIRCRAFT TYRES LIMITED will enter into a new 25 year lease without break
  • The passing rent will be £879,909 per annum (equating to £3.00 per sq ft) which will be reviewed on a 5-yearly basis in-line with RPI, subject to a collar and cap of 2.00% - 4.00% per annum compounded
  • The tenant has been in occupation of the site for approximately 100 years and is one of only 4 businesses worldwide who are authorised to manufacture aircraft tyres by the CAA and equivalent global bodies
  • Freehold

Offers are invited in excess of £15,275,000 (Fifteen Million, Two Hundred and Seventy-Five Thousand Pounds) which reflects an attractive NIY of 5.35%, assuming purchaser's costs of 7.73%. This reflects a price of £52 per sq ft. A purchase at this level will reflect a minimum yield of 5.90% in 2023 given the RPI collar provided (i.e. 2.00%), or a yield of 7.01% in 2023 given the RPI cap (i.e. 4.00% pa).


Located in the centre of the United Kingdom with the largest regional population outside London, Birmingham is regarded as Britain's second city. With an economy of £24.8 billion, it forms a substantial part of the broader West Midlands economy which generated a Gross Added Value (GVA) of £127 billion in 2016, larger than 11 of the 28 EU nations, sitting between Hungary and Greece.

Birmingham is in the heart of a world class multi-modal transport infrastructure, providing access to 90% of Britain's economy which can be reached within a travel time of four hours. The subject property is located within 5 miles of 11 separate motorway junctions.

For information on local transport links, please see the Marketing Brochure.


The property is prominently situated on, and accessed directly from, Fort Parkway in the most popular industrial zone within Birmingham, both in terms of employment and offering an established business network, with a superb pool of customers and suppliers.

Fort Parkway forms part of the A47 Heartlands Spine Road dual carriageway which is one of the main road arteries, linking through to Junction 5 and Junction 6 of the M6 motorway (Spaghetti Junction), the hub of the national motorway network. Birmingham city centre is readily accessed via the A38(M) approximately 5 miles distant.

To the west of the subject property is The Fort Shopping Park, providing in excess of 300,000 sq ft of retail accommodation, with occupiers including Boots, Next, Debenhams, H&M and Primark, amongst other household names.

To the east is the Jaguar Land Rover Castle Bromwich car assembly plant for all Jaguar saloon and sports cars. Over 3,000 workers currently work at the site, which also benefits from a rail distribution hub.

Adjacent to Dunlop Aircraft Tyres is the award winning Urban Splash regeneration of Fort Dunlop. Providing 360,000 sq ft within a vertical office park scheme, it includes a Travelodge hotel and amenities.

Prologis have developed approximately 700,000 sq ft of prime manufacturing and logistics accommodation in close proximity to the subject property. Further, there are a number of car dealerships nearby, including the Lamborghini, Toyota and Bentley garages which are directly to the west of the subject property.

The property's prominence and extensive road frontage are also major attractions of the site.

For further information on Birmingham's Industrial and Investment Markets, please see the Marketing Brochure.


The property comprises a substantial industrial site which provides a warehouse and manufacturing unit together with a self-contained office building. The original building was constructed during the 1910s and has been extended over time. The two-storey office block was constructed during the 1930s and this was extended in the 1950s with an additional interconnecting three-storey block.

The building is and has only ever been used for the production of aircraft tyres by the same occupier, Dunlop Aircraft Tyres.

Over the years, the occupier has added small extensions and made alterations as necessary to suit the business need. The occupier has a large amount of on-site machinery which is used for production, retreading and testing of aircraft tyres with a proportion of this having been in-situ for over 80 years.

The accommodation offered by the buildings is functional for the occupier's needs. Loading doors are provided around the site which comprise a mixture of level access and dock level loading doors.

There are a number of tunnels located beneath the building which are no longer used and which originally provided access to neighbouring buildings on the previous larger site.

A further pump house serving the building is located off-site but nearby, which is included within the sale and leaseback.

Access to the site is from the A47 Fort Parkway, from which there is a gated entrance and associated gate house. The majority of the car parking provision is provided on the west of the site as well as further spaces situated around the site perimeter.

Site Area

The site extends to approximately 4.35 ha (10.75 acres).
Site coverage is approximately 57%.


The property has been measured by Plowman Craven in accordance with the RICS Property Measurement (2nd Edition, 2018), which incorporates the RICS Code of Measuring Practice (6th Edition) and the new International Property Measurement Standards (IPMS) and provides accommodation as seen in the link below. The measured survey can be provided upon request and reliance on this can be extended to the purchaser.


The property is held freehold.

A small parcel of land to the west has been carved out and sold historically. This has been excluded within the site plan shown.


Upon completion of the sale, the property will be let to Dunlop Aircraft Tyres Limited for a term of 25 years without break.

The passing rent will be £879,909 per annum, equating to £3.00 per sq ft overall. The rent will be reviewed in-line with the Retail Price Index (RPI), subject to a collar of 2.00% and a cap of 4.00%, compounded annually and effective five yearly.

The tenant will have the automatic right to extend their lease for a term of 5 years for a maximum of two occasions.

Covenant Information

Dunlop Aircraft Tyres Limited is the worlds only dedicated specialist manufacturer and retreader of aircraft tyres, having been in operation for more than 100 years. The subject property forms the global headquarters for the business, with other sites located in the USA and China.

The business supplies in excess of 150 different aircraft types with over 300 individual customers globally, and holds over 500 approvals from either the Civil Aviation Authority, or other such global equivalents. The business has both aircraft manufacturers and operators among its customer base. It supplies tyres directly to manufacturers such as Airbus, Boeing, Bombardier and Embraer, as well as providing tyres to operators such as Jet2, Flybe, Lufthansa, the US Airforce and China Express.

Sales turnover has increased year on year over the previous 5 years, headline figures from the most recent accounts can be seen in the link below:

The latest accounts show an inflated pre-tax profit which is due to exceptional administrative circumstances relating to an inter-company disposal. The business has a Dun & Bradstreet rating of 5A1, representing a minimum risk of business failure.

For further information on Dunlop Aircraft Tyres Site Operation, please see the Marketing Brochure.


The property is elected for VAT and therefore VAT will be payable on the purchase price and SDLT on the gross purchase price.


The property has two separate EPC ratings, as follows:
Industrial E-102
Offices E-116

Legal Costs

Each party is to bear their own costs.

Capital Allowances

There are no transferable allowances.


Offers are invited in excess of £15,275,000 (Fifteen Million, Two Hundred and Seventy-Five Thousand Pounds) which reflects an attractive NIY of 5.35%, assuming purchaser's costs of 7.73%. This reflects a price of £52 per sq ft.

A purchase at this level will reflect a minimum yield of 5.90% in 2023 given the RPI collar provided (i.e. 2.00%), or a yield of 7.01% in 2023 given the RPI cap (i.e. 4.00% pa).

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