A substantial building housing a town centre bank is on the market for £1. 25 million.

The three-storey premises, leased by Barclay’s until the end of next year, already has planning permission for 15 apartments and four shops. There are parking spaces for six cars.

Apart from the bank, there is also a nail salon on the ground floor which has a new 15-year lease.

If sold, it would breathe new life into a part of a town where stores, once home to Debenhams and Go Outdoors, have remained empty for years.

The Trafalgar Shopping Centre closed more than 10 years ago and is to be demolished to make way for flats.

Estate agents RightMove describe it as a “substantial development, investment opportunity offering about 12,000 sq ft increasing to 16,500 sq ft once fully developed with a three-storey extension at the back”.

The existing bank would be split into two sections and no changes would be made to the outside of the glass-fronted building which sits in a prominent corner position in the High Street.

It’s the last remaining Barclays in the Towns and has been operating there for the last 34 years.