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Seems like a lot of money as it still then needs painting, but I received some advice recently from a professional restorer friend which made sense. He said that if I was keeping the car (which I am) then to spend whatever it cost to get the body as perfect as possible, even if it meant I couldn't afford to do other stuff at the moment. His reasoning was that 'bolt on' stuff like wire wheels, seat recovering, carpets, even the engine, can all be revisited later as and when funds become available... but that the body can't be revisited without starting from scratch again.
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Sound advice.
Having restored, owned and partially re-fettled a number of MK IIs and a MK I over the years, whilst it is possible to remove and replace the usual rust problems (viz: front cross member; jacking points; sills; rear spring hangers; door skins etc) the old enemy will always re-emerge from the depths and ruin a good paint finish, eventually.
An old chum who worked with me for a short time, retired sort of early and set up a specialised Jaguar restoration biz: mainly MK IIs but also E Types and the odd XK: after a short while, owing to the cost of restoring UK cars riddled with salt corrosion he found it far cheaper to import the cars from South Africa and California; and go from there.