THREE FIRE-RAVAGED luxury properties in Westerton that have been boarded up for almost three years have been sold.
The new owner of the three houses on Maxwell Avenue opposite the train station is Bruce Mann of WM Mann and Company (Investments) Ltd.
He said the company plans to renovate them and either sell them or rent them out.
The M&B Herald recently highlighted the state of the three town-house properties that were built at the height of the property boom, but were partly burnt out in July 2010 after the development company that owned them, IKRA Developments (Bearsden) Ltd, collapsed in December 2009.
Mr Mann said: “It is our intention to develop the properties. It may be six or seven months before they are completed. We may sell them or they may form part of our residential portfolio.
There has been continuing calls for something to be done with the properties, but because of a long protracted legal wrangle following the collapse of the development company delays have resulted.
Vaughan Moody, the councillor for the area, said: “I welcome this recent development. Anything that stops them being an eyesore is a good thing.
However local people like me will only believe they are being developed when we see it.
Previously Councillor Moody wrote to WM Mann, who he said appeared to be the only party with an interest in the properties following the insolvency of IKRA Developments, asking what they planned to do with the building.
It is understood W M Mann was the main creditor when IKRA - who was listed on company records in Edinburgh as the owners of the development, known as Maxwell Mews - folded.
Maxwell Mews has been beset with problems from the start.
Planning permission was granted in April 2005 and when building work did finally get underway the original developers went over the boundary of the site into the back gardens of two properties in Crarae Avenue.
And at roughly the same time, on the other side of the site, they dug into the hillside so both families at 105 and 107 Maxwell Avenue had to be evacuated.
A set of steps has also been built from the driveway in the development to the edge of Maxwell Avenue, even though the planning permission was for an extension of the main Maxwell Avenue pathway along the front of this site.
The houses were on the market for a long time at offers over £385,000 each, the price having been dropped from £450,000 at the height of the property boom.