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The Cosworth crate engine they're putting in it is about 16k on it's own (there or thereabouts - didn't catch which variant is going in).
The bodywork's not too stressful though is it? New panels , arches and paint. Mind you, I guess there'll be fabrication for the rear suspension and whatever it was going on in the boot...
But yeah, 35k seems low - especially given budget is unlikely to be a constraint in this instance.
https://www.youtube.com/watch?v=nSiG7oNXC6w
https://www.youtube.com/watch?v=zvwnmIPJ2Kw