A axe, a stab vest and two gas-powered guns were seized by police after a raid in Bath Road.
Officers also scales, cash, a quantity of cannabis and suspected class A drugs.
The 25-year-old man was arrested on suspicion of possession of class A drugs and possession with intent to supply a class B drug.
He was taken to Gablecross custody for questioning and has since been released under investigation.
PC Paul Bezzant said: “During this warrant, officers also seized two gas-powered guns, an extendable baton, an axe and a stab vest.
“These items have all been seized as part of our enquiries.
“It’s really important that any members of our community who suspect drug activity is taking place in their neighbourhood report it to police so we can take action.”
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