The Isle of Anglesey Charitable Trust has sold the 200-acre former Shell storage facility at Rhosgoch to Conygar Investment Company for £3m.
The site will be promoted for a range of uses linked to the Wylfa Newydd project and energy sector.
The Rhosgoch site is around three miles from Amlwch and 6.5 miles from Wylfa Nuclear Power Station and proposed Wylfa Newydd site.
The Isle of Anglesey Charitable Trust was founded in 1990 to manage a capital fund, which had earlier been negotiated from Shell (UK) after it ended operating an oil terminal at Amlwch and the associated tank farm at Rhosgoch.
Over the past 25 years, it has funded an annual grants programme, for voluntary and community groups, and regeneration projects.
Chair of the Isle of Anglesey Charitable Trust, Victor Hughes, said, “The sale of the Rhosgoch site represents an important and significant milestone for the Charitable Trust.”
He added: “Since its formation in 1990, the Trust has provided substantial grant funding to voluntary and other organisations. The sale is expected to bring in around an extra £110,000 a year to the capital fund, which the Trust can use to contribute toward good causes across the Island.”
Tony O’Keefe, director of industrial and logistics at Cushman & Wakefield, acted on behalf of the trust. He added: “Following a competitive bidding process, we’re pleased to have agreed the sale of this site, which has remained undeveloped for a generation, to the Conygar Investment Company.
“Conygar will actively promote the site to support a range of uses associated with the Wylfa Newydd project and environmental energy sector.”