The four venues, which Camerons has instructed Christie & Co to market on its behalf, comprise three sites with freehold asking prices and one available for sale and leaseback.
In July 2023, the business sold 27 tenanted sites to FB Taverns as part of a strategic move to support growth across its brewery and managed pub division, Camerons said at the time.
October 2024 saw the business agree a refinance and new funding package with Sandton Capital Partners and Independence Growth Finance.
Sale exploration
The sites are:
The Wheelhouse, Washington - freehold asking price of £275,000
The Mitre, Bishop Auckland - freehold asking price of £350,000
The Head of Steam, Hull - freehold asking price of £475,000
The Head of Steam, Newcastle - available for sale and leaseback with an asking price of £450,000
Camerons finance director John Foots said: “We have undertaken a strategic review 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 among 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 recent success in Manchester.
“The Head of Steam in 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.”
New opportunities
“We’re massively confident to trade well and so a sale and leaseback works brilliantly for us,” Foots added.
Christie & Co regional director for pubs & restaurants David Cash highlighted how the agent had worked with the business previously and outlined his expectations for the marketing of the four sites.
He said: “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 and encourage interested parties to get in touch.”
