New workstation maybe. Need decent opinions.

Hello,

First of all sorry if I'm off-topic with this question but I'm not into hardware and I'm trying to get a grip of what would be good before I go and buy something to find out that it was a mistake after all.

I'm currently running on an i3 laptop with 4gb mem. I recently started contributing on WordPress and the guys there work with a Vagrant setup etc. As you can understand running VVV and PhpStorm together for my current pc is a mess as I'm usually waiting 5+mins to even work with VCS and built diffs or even make a search in the whole project at some points.

I've found this bargain ( I think ) workstation that goes like:

HP Workstation Z620

2 x Intel Xeon Hexa Core E5 2620 2 Ghz (24 threads total / 30M cache) (Up to 2.5 Ghz)
nVidia Quadro NVS300 512MB PCI-E ( total 2 x vga 2 x dvi ) ( I don't care about graphics that much but it will be nice having a 3rd screen finally! )
8gb DDR3 ECC ( up to 192gb ) ( I will probably boost it from the start to 16gb )
500gb ssd

That thing goes for 600 euro and I'm about to get it but I had to ask for opinions as I have no clue.
( I wouldn't say the price but there's no other way to get a decent reply I guess ).

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My main question is would it support running 1 instance of vagrant + phpstorm without problems and slow-downs ?
I'm not into gaming or whatever else I just want to code without having headaches from waiting 10 minutes for a save that could end up in a crash and lose everything :) .

That's all I ask pretty much as my i3 is starting to get on my nerves with all this lagging and crashing.

Sorry again if I'm off-topic.

Best regards,
Konstantinos