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Good effort but the rear mudguard issue is probably the biggest stumbling block. Also three wheel slots but only suitable for one bike as it is. Is it freestanding or to be attached to a wall? I don't know how wide your bars are but they look like they'd foul the wall if the cabinet was positioned against the wall. It is supposed to be space saving and yet it appears it doesn't really fit that brief. Would you supply a left standing one or a right standing one or are the cupboards accessible from either side?
Edit: Also what @jaeyukdapbap said.
yes it is, i could look at another design which holds a bike in the same way but on the opposite side