New England House - Summary of Design Options and Financial modelling
Design options |
Total net additional lettable floorspace sq metres |
COST WITH FEES £m |
CAPITAL SHORTFALL £m |
ANNUAL REVENUE SHORT-FALL (BORROWING) £m |
Comments |
|
1 |
· 2 x 10-storey towers · 2-storey roof extension · Refurb |
4,793 |
£43.556 |
£12.400 |
£0.597 |
In conjunction with Longley (3,270 sq m) provides 973 sq m above City Deal output of 7,090 sq m |
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2 |
· 2-storey roof extension · Refurb |
2,618 |
£26.004 |
£3.400 |
£0.164 |
In conjunction with Longley (3,270 sq m) provides 1,202 sq m below City Deal target of 7,090 sq m.
Preferred Option |
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3 |
· 2 x 8-storey towers · Refurb |
1,765 |
£28.449 |
£9.200 |
£0.444 |
In conjunction with Longley (3,270 sq m) provides 2,055 sq m below City Deal target of 7,090 sq m
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4 |
· Refurb only |
Nil |
£14.086 |
£6.700 |
£0.322 |
NB City Deal £4.9 million has not been factored-in to this option, as no additional floorspace is being provided |
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