Map view Street view The Old Lamb, 18-20 Church Street, Theale, Reading, RG7 5BZ 4,024 Sq Ft / Other / Investment For Sale - £650,000.00 Available - Last updated: 22 October 2026 SummaryA 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.Key PointsRare Freehold Former Hotel / B&B Opportunity19 En-Suite Bedrooms within Separate Accommodation BlockOn-Site Parking for Approximately 10 VehiclesSeparate Front Building & Rear Accommodation BlockSignificantly Reduced – £650,000 FreeholdPrime Theale Location – Excellent Access to Reading & M4ViewingsStrictly by prior appointment through Lansley Commercial. Please do not approach the property directly.LocationSituated 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. Property Quote Price(s) DescriptionSale typeGuide pricePrice type For Sale Freehold £650,000.00 NA Documents and links 1612FP2.pdf 1612EPC - The Old Lamb Hotel - C.pdf 1612EPC - The Old Lamb - Accomodation at Rear - C.pdf 1612Brochure.pdf 3f8e98fa938f74a5132ee10112f9ec79.pdf Next Steps Contact an agent now The 'Contact agents' section contains agent phone number and a contact form. You can also request a viewing from here. Contact agent View similar properties View a list of similar properties in this postcode. You can also use the search filter at the top of the page to refine your search criteria. Show similar properties Send me updates To get regular updates about similar properties that match your search please register your email address. Get email updates Add to my shortlist Add this property to your shortlist. Just provide your name and email address so you can access these at a later date. Add to watchlist