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@Vince
Hey Tony,
I've got a cheap Shimano R500 which has been trued and not used since.
The breaking surface is close to the wear limit. It has bladed spokes. It has a Tacx skewer. It has rim tape.
It has a freehub so you can put a 7 speed cassette on it with a spacer (http://www.chainreactioncycles.com/Models.aspx?ModelID=38302).
Alternatively, I have an 8 speed cassette I can fit an include.
Only after £20 for it as the trueing cost me £15 (robbing bastards as Full City Cycles on Leather Lane http://fullcitycycles.com/ - you turn up in a suit, they take you for a ride)
£25 with the cassette and a half decent gumwall tyre & tube. (it's all at my work in Chancery Lane)
I also have a couple of 8 speed rear derailleurs and chains - even flat bar shifters if you want to go full 8 speeds.