Cost To Build

Why Do A Feasibility Study?

Before committing to any major project in any field, the sponsors must know whether what they have in mind is realistic and achievable, what work is involved, what problems and risks are anticipated and how much it is all likely to cost to bring to a successful outcome.

Where there is associated business activity, as in this case, the commercial risks must also be assessed and a business plan developed to show that the business is commercially viable and sustainable. All is lost if the business fails.

What Was The Study Design Brief?

Based on the extensive and robust market research conducted by our advisers in 2006, the Architects were asked to look at the feasibility and cost of providing new facilities to meet the needs of a broad spectrum of interest groups, balancing the recommendations of Sport England and other bodies with the need to watch the pennies when specifying the outline design.

Successful management and operation of the new facilities are critical issues for 3RP in the future so the high overheads of a swimming pool, which a large proportion of the Community says it wants, has to be offset as much as possible by other features that would help maximise revenue and minimise public subsidy.

Pool size is a significant cost driver so a pragmatic decision was made to base the study on a modest 4 lane 20 metre community pool but to include figures for the build and running costs of the 6 lane 25 metre pool desired by the Swimming Club.

What Is Being Proposed?

Our architects and consultants are suggesting a phased approach to building the new complex, recognising that we are unlikely to have sufficient money available at the start to do everything. Phase 1 includes the pool and the key features which generate revenues. Groundworks and major services are logically part of this phase. Phase 2 includes a 4 court Sports Hall with its own changing rooms and Phase 3 comprises a Community hall for 250 people with additional meeting room/crèche facilities.

Some economies can be made if Phases 1&2 run concurrently so there is a strong incentive to maximise fundraising effort up front. The tennis courts are included on the premise that the Tennis Club will join forces and deliver a sizeable funding contribution from the Lawn Tennis Association.

What Will Be The Cost To Build?

Option 1 with 4 lane 20 metre Swimming Pool

Costs shown are cumulative

Option 2 with 6 lane 25 metre Swimming Pool

Excluded Costs

The following costs are excluded at this stage:

• VAT
• Legal fees
• 3RP in house costs
• Pool equipment and other furniture and fittings (est £ 130k)
• Fitness equipment