College Farm Industrial Estate, Faulkner Lane, Sandown, Isle of Wight, comprising nine units built in the mid 1980s, has been sold freehold through regional commercial property consultancy Hughes Ellard.
The multi-let estate generates £61,000 per annum, with one vacant unit of 92.4 sq m (995 sq ft) available to let. Fareham-based Hughes Ellard acted for the new owner, Maritime & Provincial, with Birmingham-based Franck-Steier Price acting for seller Hansteen.
Offers of £600,000-plus were invited. Carl Walker, a director and registered valuer with the Royal Institution of Chartered Surveyors, represented Hughes Ellard.
