FOR SALE
RARELY AVAILABLE HISTORICAL 17TH CENTURY FREEHOLD PROPERTY
CURRENTLY OPERATING AS A BED AND BREAKFAST
SOUGHT AFTER LOCATION: THEALE, BERKSHIRE
2 SEPARATE BUILDINGS: 19 en suite rooms and a dining area
MANAGER ACCOMMODATION
CLOSE TO READING AND M4 MOTORWAY
The Old Lamb, 18-20 Church Street, Theale, Reading, RG7 5BZ
The property is located on the much-sought-after Church Street in Theale. Bustling village with very high footfall and ample parking, with large demand from commercial and residential tenants. Extensive residential new-build development is in progress.
The property consists of 2 separate buildings:
The B & B operates only 4 days per week. The business is not included in the sale and will cease operating upon completion unless the buyers decide to resume operating along the same or similar basis. selling price pertains solely to the Freehold Property.
With the large-scale current development of hundreds of new houses in the immediate vicinity, we feel this will offer substantial opportunities to fill the bed and breakfast accommodation (should buyer wish to continue the business) and, when completed, will further enhance the area with an influx of residents.
We also believe that this property offers a development opportunity, subject to planning permission. The neighbouring property has undergone a highly successful residential development, setting a strong precedent. ‘Change of use and conversion of The Lamb Public House to create 3 additional residential units and the construction of a separate new detached dwelling’
* Premises Details: 1) The Old Lamb, Front Property (Reception and Dining), Circa. 1570 sq. ft. (146 m2 over 2 levels) a Grade II-listed building dating back to the 17th Century with white painted brick facing and a thatched roof. We are currently operating as a budget-friendly bed and breakfast. This building consists of the reception, dining area (currently used to serve breakfasts) and staff accommodation.
Ground Floor: Reception (circa. 14’10’’ x 13’4’’), Kitchen (circa. 13'5’’ x 13’4’’), Dining/Breakfast area (circa. 18'10’’ x 10’)
First Floor: Staff/Manager Accommodation—Living Room (circa. 16'9’’ x 13’8’’), Ensuite Bedroom 1 (circa. 11’11’’ x 6’8’’) Ensuite Bedroom 2 (circa. 13’2’’ x 11’3’’),
2) The Accommodation Block—Rear Property—Circa. 2453 sq. ft. (228 m2) Built around the 1970’s, it offers 19 ensuite single and double rooms.
Ground Floor: Consists of 12 x ensuite bedrooms, double and single (see floor plan below and attached), all with shower, toilet and basin. 1 boiler room.
First Floor: Consists of 6 x single ensuite bedrooms (circa. 8’2’’ x 10’1’’) and 1 x double ensuite bedroom (circa. 17’2’’ x 8'3''), all with shower, toilet and basin.
Front: Parking for circa. 10 cars
* Sector: Commercial Property
* Industry: Real Estate
* EPC: Hotel (Front Building) (C72): Expires June 12, 2034
Main Block (rear building): C56; expires June 12, 2034
* Looking For: Buyer
* Lease Terms: Freehold Sale
