Expenses and costs

Headline Costs

Purchase cost £1 million
· Initial phase with a KEY refurbishment to ground floor and works to get building operational £0.4m
· Total refurbishment for whole building including roof repairs £1.5m i.e. an additional £1.1m to the initial £0.4m
· New build worship hall £2 million
· Total £4.5m 

What makes this a good opportunity? 

· Potential for a 1 site solution with an excellent centre and hall
· Value if we were to demolish and build a complex with the worship centre would be £5.8 million including purchase
· Prominence of the site because of its place in Edge Lane right at the threshold to city centre.
· Building when refurbished would be of high quality and amenity.
· No adjacency that would be compromising, it stands alone in its own ground.
· The site is near our historic meeting places, Christian Fellowship School and Archbishop Blanche Church of England School.