Queens House, in Queen Street, Ipswich, snapped up by Sandpit Systems

A prime piece of retail and commercial space in Ipswich town centre has been snapped up by an investor.

Technology firm Sandpit Systems has bought the freehold for Queens House, in Queen Street.

Queens House contains a mix of flats, offices and businesses.

Existing tenants at the site, Hillfort Law, The Co-operative Bank, Central Canteen and St Elizabeth Hospice’s Zest store, remain unaffected by the sale.

The deal was managed by Penn Commercial, which described it as an investment sale, and will now take on the role of managing agent to fill vacant units.

Paul Keen, senior negotiator at Penn Commercial, said: “We are very pleased to have acted in the sale of the major investment of Queens House to Sandpit Systems and to manage the property going forward.”