The Old Bank
5 St George's Road, MILLOM, Cumbria LA18 4BS
To Let 5,151 Sq Ft Rent: £5,000 Per Annum
-
ARTS & ENTERPRISE CENTRE - A HUB FOR COMMUNITY, CREATIVE AND BUSINESS ACTIVITY
- OPPORTUNITY TO OPERATE IN A HERITAGE BUILDING
- LOCATED IN THE HEART OF MILLOM
A prospectus will be provided to interested parties alongside a tenant questionnaire for return to the Council, with applications to be received no later than Friday 27th February 2026
The property is a former NatWest Bank currently being refurbished as part of the Millom Town Deal's Reactivating Heritage Buildings project. Once complete, it will become a vibrant Arts & Enterprise Centre offering flexible space for community use, creative activity, enterprise and small business support.
* Ground floor: Café area, flexible exhibition/retail space
* First floor: Co-working area, studios and meeting rooms
* Second floor: workshops and studios
* Refurbished kitchen, toilets, and storage
* 24/7 access (to be agreed in lease)
Millom is a small coastal town located in the south-west of Cumbria. It lies approximately 26 miles south of Whitehaven and 7 miles north of Barrow-in Furness. The town is accessed via the A5093, which connects to the A595, the main coastal route serving the west and south of the county. Millom railway provides regular services on the Cumbrian Coast Line, with connections to Whitehaven, Barrow-in-Furness, and Carlisle.
The Old Bank is prominently situated on Market Square in the centre of Millom, within walking distance of local shops, services, and Millom train station.
| Description | Sq Ft | Sq M |
|---|---|---|
| Ground Floor | 2,842 | 264.02 |
| First Floor | 1,157 | 107.49 |
| Second Floor | 1,152 | 107.02 |
| Total | 5,151.00 | 478.53 |
The property is connected to mains water, drainage, electricity and gas. Interested parties should rely on their own investigations to confirm suitability. Utilities will be arranged and paid for by the ingoing tenant/operator.
Available by way of a new internal repairing and insuring lease from Cumberland Council on the following indicative terms:
Term: 15 years
Rent: £5,000 per annum base rent, plus 15% turnover
Security of Tenure: Contracted out of the Landlord & Tenant Act 1954
Break Option: Tenant break option at Year 5 and Year 10. Landlord only rolling break option on 6 months notice.
Use: A Café, retail and exhibition space in addition to the shared workspaces.
Hours of Use: 08:00 - 17:00 with options for flexible working hours, subject to further negotiation.
Service Charge: A service charge will be levied for repairs to the external areas and insurance.
This is an opportunity to secure a lease of a fully fitted mixed-use development, which will offer immediate potential for income generation through sublettings and room hire. The property provides a ready-made platform for an operator to manage and/or run the building, with flexible spaces suitable for a café, co-working hub, workshops, and creative studios.