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The Mitre

151 Newgate Street, Bishop Auckland DL14 7EN
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Ref: 6450581
Freehold£350,000

Contact Our Agent

David Cash
David CashRegional Director (North) - Pubs & Restaurants
+44 7736 621 023david.cash@christie.com

At a glance

  • Wet-led public house
  • Located In Bishop Auckland town centre
  • En-suite One bedroom owners accommodation
  • Large function room with supporting bar
  • Turnover as £385,633 for YE December 2025
  • Site area: c.0.065 acres | Energy Rating B
View full details The Mitre
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The Mitre
151 Newgate Street, Bishop Auckland DL14 7EN
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Ref: 6450581

The Mitre

Description

The property comprises a part two‑storey, part three‑storey brick-built public house, situated within an established town centre location. The building is of traditional solid brick construction, finished with a painted external façade, and underneath a pitched, concrete‑tiled roof. To the rear is a two storey flat roof extension and single storey extension with glazed roof.

Location

Bishop Auckland is a long‑established market town in County Durham serving as a key centre for the surrounding Wear Valley communities. The town benefits from a broad mix of national and independent operators, essential services and strong transport links, including convenient access to Durham and Darlington via the A688 and A689, supported by a local railway station providing regional connectivity. Recent investment in heritage and cultural projects has strengthened the town’s profile and continues to drive visitor activity. The Mitre is positioned within an established trading frontage close to the town centre, surrounded by residential areas and local amenities that support consistent daily footfall. The immediate area offers a blend of retail, service and community uses typical of a traditional market town environment, providing a reliable customer base.

Internal Details

The ground floor trading area consists of a open‑plan bar arranged around a bar servery positioned along the right‑hand side of the room. The layout provides seating for approximately 76 covers, At first‑floor level, the property benefits from a large L‑shaped function room with an estimated capacity of around 100 guests. This space includes its own independent servery together with dedicated toilet facilities suitable for events and private hire.

Fixtures & Fittings

We are advised that the majority of fixtures and fittings are owned outright and will be included in the sale, subject to an inventory.

Owners Accommodation

En‑suite one‑bedroom flat with separate lounge.

The Opportunity

The Mitre is owned by Camerons Brewery and is offered for sale as they concentrate their efforts on their Head of Steam brand, having sold the vast majority of their freehold community pubs in 2024.

Trading Information

Turnover as £385,633 for year end December 2025. The business currently operates on a franchise agreement, which can be terminated at any time on four weeks notice.

Trading Hours

Monday - Sunday 9.00am until 11.00pm

Business Rates

The Rateable Value is £28,500 with effect from 1 April 2026. Confirmation of actual business rates payable should be obtained from the Local Authority

Regulatory

Premises Licence