This is looking from King William Street, across Sudell Cross, into Preston New Road. The turning to the right, is the start of Limbrick. To the left of the ornate looking building, on the extreme left of the view, would be Simmons Street and then even further left, where the gents are heading, Northgate. The ornate building (Art School is it?), is still there today, as are the properties in the centre of the image and the shop on the extreme right. The tram has gone, so you've missed it.
COURTESY OF THE CP COLLECTION