A FORMER Rossendale town centre bank is to get a new lease of life after standing empty for nine years.

The old NatWest building in the heart of Waterfoot is in the process of being transformed into an aquatic centre specialising in the sale of tropical fish and marine life.

And it is set to throw open its doors again in the New Year.

Traders in Waterfoot say they are relieved to see that the building is to be transformed and brought back to life.

And Tony Walker of new tenants, Walker Aquatics, is keen to incorporate the building's history and features when the new shop opens.

He said: "It is a wonderful building and we are very excited about moving in.

"We are retaining and utilising many of the bank's original features including the vault and safe door as they give the place so much atmosphere."

The company is moving from premises on Carrs Industrial Estate in Haslingden.

He added: "We knew the building had been empty for a long time but as soon as we looked around we realised that it had great potential.

"It is a real landmark, the architecture is superb and there is plenty of parking nearby."

The building is owned by investment, development and construction company the Hurstwood Group. Following its closure as a bank several years ago it has remained empty ever since.

The company is spending over £250,000 refurbishing the building to bring it back to its former glory.

The work includes full weatherproofing of the outside of the building as well as repairs to the masonry, roof and windows.

Internally the building will also undergo a complete facelift linking the bank with the former wool shop next door.

Hurstwood are also completing works to the upper floors to create three exclusive apartments, which will be available in spring 2005.

Hurstwood's Tracy Stratton said: "The buildings are an important part of our property portfolio and we are delighted to be able bring new life to them."