Can anybody tell if those hubs look original? The spacers (if that's what they are) on the freewheel look brand new. You have found a very versatile bike. Rack and fender mounts, loads of tire clearance, etc.
Edit: The hubs don't look fresh enough to be new, maybe they said "freehub?" Of course this bike should have a freewheel instead of a freehub. Hmm...