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03 May 2018 | Restaurants

Modern steakhouse and bar comes to the market through Christie & Co

Modern bar and restaurant 51 Degrees North in Horley, within the Borough of Reigate and Banstead in Surrey, has been brought to the market through specialist business property adviser, Christie & Co.

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Positioned in the heart of the town and only a couple of minutes’ walk from Horley railway station, this contemporary, ground floor restaurant is fitted out to a high specification, featuring a long stretching bar and a mixture of customer seating including booths, dining tables, and bar stools for up to 86 covers. With a fully equipped kitchen and staff room to the rear, the venue provides ample ancillary areas for both food and drink offerings.

Benefitting from an outside trading area to the front of the property for circa 48 covers and a parking space to the rear for owner’s/staff use, this traditional steakhouse with a twist enjoys a good reputation and receives positive reviews for its quality food and service.

Having been under the same ownership for almost three years, current owners Robert and Jacqueline Bell are now looking to focus their time on other projects, and comment, “After a lifetime in hospitality and a successful three years with 51 North we are looking forward to our new challenge, but will always have fond reflections for the restaurant that has enabled us to continue to explore our ambitions.”

James Hughes, Business Agent at Christie & Co’s Maidstone office comments: “51 Degrees North provides a fabulous opportunity to acquire a profitable business in a great location and will appeal to those looking to capitalise on its strong trade as well as multiple operators looking to add to their portfolios.”

Christie & Co is seeking £199,500 for the leasehold interest with an annual rent of £35,000.