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The Old Lamb 18-20 Church Street,
Theale,
Reading,
Berkshire,
RG7 5BZ

For Sale

  • Commercial, Investment
  • 4,024 Sq Ft
  • £650,000

Rare freehold former B&B with 19 en-suite rooms, Grade II Listed thatched building, parking and development potential STPP.

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Key Features

  • Rare Freehold Former Hotel / B&B Opportunity
  • 19 En-Suite Bedrooms within Separate Accommodation Block
  • On-Site Parking for Approximately 10 Vehicles
  • Separate Front Building & Rear Accommodation Block
  • Significantly Reduced – £650,000 Freehold
  • Prime Theale Location – Excellent Access to Reading & M4

Property Description

A rare opportunity to acquire The Old Lamb, a substantial former hotel and B&B property in the sought-after village of Theale.

Extending to approximately 4,520 sq.ft. / 419.9 m², the property comprises two separate buildings. The attractive Grade II Listed 17th-century front building with traditional thatched roof provides former reception, dining/kitchen facilities and manager's accommodation. To the rear is a substantial non-listed accommodation block providing 19 en-suite bedrooms.

The property has operated successfully as a hotel/Bed & Breakfast for many years but is currently closed. The rear accommodation block is vacant while the former manager currently remains in the front accommodation and is due to vacate in November 2026, after which full vacant possession is expected.

The property offers considerable potential for hotel/guest house use, HMO, supported or care accommodation, temporary/homeless accommodation, residential conversion or redevelopment, subject to planning, licensing and other necessary consents. The non-listed rear building may provide additional flexibility for future adaptation or redevelopment.

The property also benefits from parking for approximately 10 vehicles and excellent access to Reading and the M4.
Viewings
Strictly by prior appointment through Lansley Commercial. Please do not approach the property directly.

Accommodation

Name/FloorSq FtSq MAvailability
Building Front Building – Grade II Listed Thatched Building1,570145.86Available
Building Rear Accommodation Block – 19 En-Suite Rooms2,454227.98Available
Total4,024373.84 

Location

Situated on Church Street in the heart of Theale, a popular Berkshire village with a good range of shops, cafés and local amenities. Theale Railway Station is nearby, with excellent access to Reading and the M4 at Junction 12. The surrounding area has seen significant residential development, and the property itself offers potential for conversion or redevelopment, subject to planning and other necessary consents.

Request a viewing

Contact us for more information or to arrange a viewing

Jason Atkins

0118 959 0271

Wayne Biehn

0118 959 0271

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