Lochee has been given a business boost with a new store set to open in the High Street.
Cash Converters will replace the former Santander – next to Poundstretcher.
The unit has lain empty since the bank closed its doors in February last year.
Lochee’s newest store is expected to open its doors this week.
The shop will be the second Cash Converters to be established in Dundee and has already created new jobs.
Shaz Sardar, who owns both Dundee stores, said the success of the one in Whitehall Crescent had led to the expansion into Lochee.
He added: “I chose the location in Lochee because I wanted to be involved in its regeneration.
“A toy superstore has opened around the corner from where our new shop is, too, so hopefully this is the start of a new era of prosperity for the area.
“The first Dundee store has been a big success and I wanted to expand.
“I had the opportunity to open a new store outside of the city.
“However, I was born here, so I wanted to invest in Dundee.”
Santander’s decision to shut the local branch kick-started fresh action from Lochee residents to make a difference in their community.
The High Street has been much maligned in recent years with several closures and concerns from traders about a lack of footfall.
Superdrug also shut its doors last year with bakery giant Greggs announcing in April it, too, would be leaving the High Street.
But there have also been new retail additions to Lochee in the past year including Smyth’s Toy Store, Chicken Club and Caked Up.
Bosses at Semi-Chem also reversed their closure plans back in February.
As well as allowing customers to snap up electrical goods cheaply, Cash Converters offers loan and pawnbroking services.
However, the firm has been criticised for high interest rates on its loans.
Myles McCallum, from the Village of Lochee Partnership, said: “We obviously want shops in the High Street.
“However, I think shops like this can take advantage of impoverished people.
“Folk are really struggling here and I know we have seen a few shops close in the High Street.
“My personal opinion is that I just don’t think this is the kind of thing that we’re needing at the moment.
“There is a worry, but I don’t know how much we can do about it.”
Michael Marra, councillor for the area, said: “What is most important at the moment for Lochee is getting more businesses in the High Street.
“If this is a business that local people want and want to use then it would be welcomed.”
A Cash Converters spokeswoman said: “The store is keen to support the area’s regeneration and will additionally be rolling out innovative instore activity in the coming months to support the local area and local charities as is standard with all Cash Converter stores around the UK.”