2nd System for Vinyl

Well I promise you this wont be exciting. I just built my main system around High Rez format.

Not enough money left over to invest in a TT and Phono.

So what I have left after doing my upgrades is a Rega P1, Lexicon MC1 preamp, Aragon 8008 and Merlin VSM-M. The phono I was using broke. But it was nothing special, obviously.

Can I build a decent TT setup with these spare parts? Should I just concentrate on a new Phono or is there other areas where I can a good bang form my buck?