The property was acquired as part of wider portfolio and occupied by McDonalds.

At the time of purchase the tenure was leasehold and the freehold interest has subsequently been acquired.

In addition, at the time of acquisition the McDonalds lease had some three years remaining and was some 100% over-rented with a passing rent of £163,000pa.

A sale of the McDonalds holding in Park Street, Walsall has realised a 25% uplift on value from the purchase price.