After years of failed rumors about a V5-powered Honda street bike, this year we finally got confirmation that a true MotoGP-inspired machine would become available to the general public. The yet unnamed machine, which many are calling the Honda RC213, will have a 1,000cc V4 motor that will be based off the Honda RC213V MotoGP race bike.

A homologation special that will be produced in just enough quantities to meet WSBK regulations, the Honda RC123 street bike is not to be confused with the production racer variant that will be coming to MotoGP in 2014. That bike, essentially an RC213V without the pneumatic valves, seamless gearbox, and other trick bits, will cost in the neighborhood of €1,000,000 to buy.

However, according to an interview by Costa Mouzouris on CMG Online (a good read, check it out), the V4 street bike will cost significantly less. Talking to Dave Hancock, Honda Motor Europe’s Head of Product Planning & Business Development, the MotoGP “inspired” street bike will run in the neighborhood of £70,000-£80,000 or $110,000 to $125,000.