An “iconic” music venue in Ipswich stretching back to the 1980s is set to be converted into a pool and snooker club, the Star can reveal.

The Malthouse in Princes Street, the former Zest and Hollywoods nightclubs, is set to close on Saturday, February 28, a spokesman for the music venue confirmed.

The spokesman said all advertised events at The Malthouse will go ahead as planned and that the new owner will be converting the venue into a pool and snooker club.

Steve Cossey, co-owner of dance club Universal Drumz, set to be the last music act to perform at the venue on February 28, said: “It is really sad because the building has been an iconic music venue for over 30 years.

“I love the venue and used to go there a lot in the 80s and 90s, so it is really sad. I had some really happy times in there.

“It could be financial reasons, but I don’t know why they’re closing.”

He said it will be an honour to be the last music act to perform, adding: “Everyone come down because it is going to be the last chance to dance.”

The Malthouse spokesman said: “The lease comes to an end (at the end of the month) and we have decided to go down a different route. We will be closing on February 28.”

The new owner did not respond to requests for comment.