It looks clean, nice shape. If it is from the 1980s, you're going to need new brake pads, maybe new tires too. Rubber has probably turned hard. Grease might be dried out too, you might have to take apart the bottom bracket, clean it, and repack it with fresh grease. You might have to repack the pedals, hubs and headset with fresh grease also. That is if the old grease has dried out and turned hard.