Known as 'Waller's' the bicycle ground had a cinder track and small grandstand. It was established by professional cyclist George Waller using some of his 100 guineas winnings from the 1879 Six Day Championship of the World at the Agricultural Hall in Islington, London. In six days Waller completed 10,500 laps of the small indoor track (1,404 miles!). Waller promoted races for amateur and professional cyclists. The ground was not successful and closed in 1884. Waller's High Bicycle (Penny Farthing) is now in the collection of Beamish Museum. His trophy for winning the Six Day Championship is in Monkwearmouth Station Museum.

NEHL - The Heaton History Group have a great piece on Waller and the cycling grounds here: https://heatonhistorygroup.org/2013/12/30/george-waller-geordie-world-champion-cyclist/. It states Waller also partook in an event at Fenham Park Grounds, another lost sporting venue.