Tue, 25 Mar 2014 | ADMINISTRATION
Poldark Mine has been put up for sale after entering administration, it has been confirmed this week.
The tin mine is one of Cornwall’s most famous and long-running tourist attractions. Specialist property advisor Christie and Co has been brought in to find a buyer for the site – which includes a car park, museums, visitors’ centre and café as well as the mine itself – with a guide price of £350,000 being placed on the attraction.
Located near the town of Helston, the mine welcomes around 18,000 visitors each year. The most popular feature of Poldark is the hour-long tour of the mine’s winding tunnels that date back to the 18th century.
The sellers will be acting on behalf of joint administrators Hamish Adam and Giles Frampton of Richard J Smith and Co. The firm has said that falling visitor numbers coupled with the death of Poldark’s managing director Richard Williams in 2012 had led to administrators being called in. It is unclear if redundancies to the small workforce will be made.
Interest in the site is said to be high, boosted by the fact the BBC is making a new drama series in Poldark.
Hamish Adam, a partner at Richard J Smith and Co, 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.”
Matthew Smith, director of Christie and Co’s Exeter office, added: “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.”
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