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Poldark Mine on sale for £350,000 after entering administration

By tobymeyjes  |  Posted: March 24, 2014

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Poldark mine is to be sold off after entering administration

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One of the most iconic mines in Cornwall has been put up for sale after entering administration, it has been confirmed.

Poldark Mine, near Helston, which has been valued at £350,000, has entered administration following a downturn in visitor numbers in recent years.

Specialist property adviser Christie and Co has been instructed to sell the tin mine, which includes car park, museum, visitors' centre and cafe.

The 18th century mine, which employs four people as well as casual staff in the summer, was transformed in to a mining heritage site in 2000.

It’s greatest attraction is an hour-long tour, which has been described as a 'jewel in the crown of the Cornish Mining World Heritage Site'

Joint administrator, Hamish Adam, a partner at Richard J Smith & Co, said it was not possible to say whether any redundancies would take place.

He said: “The company had been experiencing a downturn in seasonal visitor numbers in recent years and this had culminated in a build-up of creditors and insufficient funding to effect necessary capital expenditure and permit continued trading.

“The position has also followed the death in October 2012 of the managing director and ‘life force’ of Poldark, Richard Williams despite the concerted efforts of his wife Pam Williams, staff and mine enthusiasts.”

Originally called Wheal Roots, the mine’s name was changed to reflect its connections to the 1970s TV drama, Poldark, for which it provided the setting for a number of scenes.

Matthew Smith, director of Christie and Co’s Exeter office said he expected interest to peak with filming of a new adaptation of the TV series set to begin.

He said: “We expect the business to attract a variety of potential purchasers from throughout the UK, including investors and local individuals or residents keen to ensure the continuation of the attraction.

“We are already receiving interest from local residents and expect the marketing campaign to generate a high volume of interest.”

The popular tourist destination attracts around 18,000 visitors a year, and is also the only complete underground mine open to the public in Cornwall and Devon.

Set over three acres, it also includes an extensive visitor car park and substantial owner’s accommodation.

It has a large restaurant and cafe with around 160 covers, coupled with a license for civil ceremonies.

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