As part of a £1m property deal, former Inverkeilor village pub, The Chance Inn, has been acquired by Dundee property development and investment group Carling & Co.
The deal, which will see an additional 17 affordable housing options become available for tenants in the Dundee and Angus area, was successfully completed on Friday afternoon (July 31).
The move will see the former village pub converted into seven affordable residential properties which are expected to be ready for occupancy early 2016, pending final planning approval.
Carling & Co own and manage rental properties all over the country with many properties in the Dundee and Arbroath area.
Run by Graeme and Leanne Carling, a husband and wife team, the duo are committed to providing quality affordable housing for their tenants and are on course to increase their affordable housing portfolio to 1,000 properties within the next five years.
As well as growing their property repertoire, Graeme and Leanne are implementing a business model that will help to alleviate the affordable housing shortage in the Tayside area.
Graeme commented: “I am delighted that Carling & Co will be able to deliver 17 more affordable housing solutions in Dundee City and in Inverkeilor. We expect to have works on the Inverkeillor properties underway as soon as possible, following the conclusion of the formalities of council planning permissions which are already being progressed.”
“We are very aware that there is an affordable housing shortage in many areas of Scotland and we are doing our bit to help improve the situation by providing affordable housing solutions in the Dundee area.”
To find out more visit www.carlingandco.co.uk