Camerons Brewery puts four sites on the market, looks to focus on Head of Steam
Christie & Co is disposing of The Wheelhouse in Washington, which has a freehold asking price of £275,000; The Mitre in Bishop Auckland, which has a freehold asking price of £350,000; the Head of Steam in Hull, which has a freehold asking price of £475,000; and the Head of Steam in central Newcastle, which is available for sale and leaseback with an asking price of £450,000.
The Head of Steam bars both have city centre locations, with the one in Hull sitting on a 0.5-acre site with potential redevelopment opportunities on the upper floor.
The Newcastle site has a gross rental income of £45,000 per year, and measures around 43,000 sq ft
The Wheel House and The Mitre, on the other hand, are community pubs and come with accommodation for the owner – the former is in a residential location, while The Mitre is in the centre of Bishop Auckland.
John Foots, finance director for Camerons, commented, “We have undertaken a strategic overview of the estate and identified these four sites for disposal.
“As is well-publicised, we sold our leased and tenanted estate in 2024.
“The Mitre and The Wheelhouse are amongst the last of our community pubs operating under franchise, and it makes sense for us to explore a sale.
“The Head of Steam in Hull is a great site but is now somewhat of an outlier when you look across the wider Head of Steam brand, which we are very keen on expanding after our recent success in Manchester.
“The Head of Steam on Neville Street is one of our oldest sites operating under that brand and it has helped shape the rest of the estate in many ways, so we are keen to stay in there.
“We’re massively confident we can continue to trade well and so a sale and leaseback works brilliantly for us.”
David Cash, regional director – pubs & restaurants at Christie & Co, added, “We have worked with Camerons on a number of sites over the years, and in 2025 brokered sales of Sanctuary in Scarborough and The Rattler in South Shields on their behalf.
“We expect these new opportunities to be well-received in the market.”
