I'd get a set of 10-30mm 1/2" drive sockets, with a few cool flex handles universal joints, a nice ratchet that kind of stuff. Along with as many metric wrenches as you can get your hands on (it really helps if you have two of each size). Go with the open ended on one end, ring on the other. With the spanners and the sockets, get the best you can, you'll get lots of use out of them.
Get some good screwdrivers, plyers, a nice club hamer (at least 4lb) and 18" pinch bar (or jemmy, wreaking bar, whatever you call it). These should all be reasonable quality.
Now go down to the reject shop and buy the cheapest set of allen wrenches and 1/4" drive sockets you can get your hands on. These always get lost long before you wear them out, so don't waste your money buying quality, just get them by the bucket load.
The other nice thing about having cheap tools around is that sometimes you need to modify them. It's handy having a 50c open ended spanner that you can chop the end off to fit an extension onto. I remember hammering an allen wrench into the back of a 10mm socket to give me a spanner to use in a tight spot. It's always good to have a tool you don't mind destroying.
That'll give you a good starting point. As you complete various jobs you'll wind up with lots of odds and ends like tie-rod forks and brake bleaders.
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Drive it like you hate it
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