Vaila Hall has been lovingly restored and has stained glass windows, a stately hall and a stone fireplace.
Also included in the sale are a three bedroom farmhouse, a two bedroom gatehouse and the 18th century Mucklaberry Watchtower which overlooks the coast.
Before the Anderton dynasty, P&O Ferries founder Arthur Anderson leased the island in 1837 and established the Shetland Fishing Company there.
Mr Rowland said: ‘We were looking for a project to take on and restore, and had really thought more of the Western Isles or mainland Scotland, and hadn’t really thought of Shetland at all until we saw that.
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