Nah, across the river, near the Quay. Portman Street, behind the Wonder World soft play area. There's a pretty cool full body VR place there as well - they have a 4 player Left 4 Dead style game you can do in an empty room, £20 per person.
Edit: I feel bad saying "full body VR" - they've got backpack PCs and ankle-mounted extra Vive trackers. But it's a cool setup, worth visiting if you like VR games.