As Phipps start brewing at Northampton’s new Albion Brewery, Chown Commercial toast a high profile deal.31/03/2014 09:07

Following the close-down of their leather finishing business, the Teesdale brothers who own 54 Kingswell Street instructed Chown Commercial to advise on their property. They were aware that there was a lot of work to do to ready the building for new occupants. Inspecting the property for the first time Mike Teesdale explained to Stephen Chown that the history of the building, once much larger, included its use as a lemonade factory and Phipps’ Albion Brewery which included a tunnel, now cut off, but still appearing to run under Aspers Casino.

 

Offering 16,000 sq ft of industrial space in the centre of town Stephen’s advice was that two alternatives existed: short term lettings of parts of the building or a longer term plan to piece together two or more sympathetic tenants to share the building to its maximum potential. To this end, various  alternative uses have been considered from community uses to art galleries and cafés or restaurants.

 

In a weakening market Chown Commercial received an enquiry from Phipps NBC and an application was made to Northamptonshire Enterprise Ltd for a grant to make the property fit for market. Although this came to nothing discussions with WNDC and Northampton Borough Council the red line for the Enterprise Zone was drawn to include the building making it more attractive to potential tenants by removing the rates burden.

 

It was apparent that re-establishing Phipps in the original Albion Brewery Building was a great aspiration and Chown Commercial were able to introduce the business to accountants and solicitors locally who were able to bring the company to market with members of the Phipps family as shareholders. Thereafter a memorandum of understanding was agreed between the parties and earlier this year the landlords replaced the roof of the main building as a precursor to the brewery taking occupation. As this article is being written Phipps are running the first brew!

 

"We are delighted to see commercial activity in the building again” says Landlord, Mike Teesdale. "It has been a long haul but Chown Commercial have helped us every step of the way and had faith in both the property and the brewery project from the start.”

 

"The owners of Phipps have a great product and a unique proposition to brew the original beer back in the original brewery in the 1800’s” says Stephen. "From early on there was considerable interest in the proposal from the local press and encouragement from the Local Authority. Spanning the 2 years I led the Northampton Town Centre BID, bringing new business and potential tourism to the town ticked all the right boxes and I am delighted that it has come to fruition. ”

 

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