Ye Olde Wheatsheaf appears to have been on the corner of Deansgate and Camp Street, as seen in these photos from the 1970s and what must be the late '70s/early '80s (Stones... wince). On this corner, opposite the grand old Great Northern Warehouse, now the shopping and leisure complex, is the ugly, modern, red brick Alliance & Leicester building. What's wrong with town planners and architects these days?
Deansgate / Camp Street. (c) googlemaps.