Preston mill site that once hosted Oasis and Pulp goes on the market
A landmark Preston mill site that was once the home of an iconic nightclub, has gone on the market.
Built in its current form in 1887, Aqueduct Mill, in Aqueduct Street, ceased production in the 1960s, and in the 1990s opened as The Mill - a nightclub/music club focusing on alternative music, and featuring big names including Pete Doherty, Shaun Ryder, The Verve, Oasis and Pulp.
Today, the property has been split into 20 individual units, let to a diverse range of occupiers, including light industrial, leisure, fitness, automotive, storage and specialist uses. Tenants include DT Fitness, Aquarium Tanks, Express Car Body Repairs, Kash and Karry, BoxFit, Cheeky Monkey Kids Play, Escape Rooms, multiple band rehearsal rooms, together with a rooftop telecoms mast let to Vodafone producing £10,000 per year.
The agent says that unit sizes range from approximately 400 sq ft up to 8,000 sq ft, “providing flexibility and resilience across the income profile”, adding: “the property generates a total rent roll of £210,820 per annum, offering an attractive income profile with reversionary potential through asset management and future rental growth.”
Businesses located at the mill are not affected and are trading as normal.
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