What does the cryptic crossword clue "Grand old estate left by sugar magnate is sold (4)" mean?

The definition is "is sold". The wordplay uses a deletion. G (abbreviation="Grand") + O (abbreviation="old") + E (abbreviation="estate") + S (first_letter="sugar") = GOES; definition: "is sold" The answer is GOES.

Grand old estate left by sugar magnate is sold (4)

Independent Cryptic #11891 | 28 Across | 2024-11-19 flower

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