Turnstone purchases Ipswich site


30-03-2005

Turnstone Estates has purchased the ground lease of the Drum & Monkey public house in Princes Street, Ipswich from Punch Taverns for 255,000.

The 3,840 sq ft (356 sqm) property will be let on a short-term lease. Turnstone plans to develop the site along with the adjacent property, Greyfriars House, which the company purchased in 1999.



NickTurnstone Purchases Ipswich Site Scott of Turnstone Estates comments: 'We are in advanced stages of agreeing a short-term lease for the property, and are in discussions with the local council to enable a comprehensive redevelopment of this prominent site. It is in an ideal location, just a two minute walk from the main train station and city centre'.

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Established in 1989, Turnstone is one of the most active and dynamic property companies in the south east of England.

Turnstone Estates Limited