Church Street, Theale, Reading, RG7

Lansley Commercial - The property is located on the much sought after Church Street in Theale. Bustling village with very high footfall, ample parking with large demand from commercial and residential tenants. Extensive residential new build development in progress.

The property consists of 2 separate buildings:

PREMISES

1) The Old Lamb – Front Property (Reception and Dining)– Circa. 1570sq.ft / 146M² over 2 levels) - Grade II Listed Building, dating back to the 17th Century with white painted brick facing and a thatched roof. 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’’),


Ref: DR.1612 cont’d .....


DR.1612 continued Lansley Commercial Tel:

2) The Accommodation Block – Rear Property – Circa. 2453sq.ft / 228M² Built around the 1970’s, offering 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 x 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

EPC Rating: - Front Building (main block) - C-56 - expires 12th June 2034
Rear Building (accommodation - C-72 – expires 12th June 2034

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 build 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’

Rateable Value: - £22,250 - Amount payable currently (small business rate relief) - £2775 per annum.