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@fredtc
what's theft like in your area?
This seemed interesting - the residents of Bonnington Sq in Lambeth seem to have been able to get the council to install covered bike storage in exchange for its upkeep, and it fits in a car bay - http://www.lambethcyclists.org.uk/2011/08/radical-new-cycling-parking-facility.html
maybe something to propose to the freeholder (unless that's you)?