A few of you may need smelling salts... this was a free bike that needed nothing more than some proper handlebars (which are the only non original part on the bike).
PS: Judging by the drive and chain wear the old lady had almost no miles on her and I did not even need to polish her, nothing was seized, and all the bearing surfaces are shiny and looking new.
Have re-laced the back wheel and will get around to re-lacing the front as the wheels are dead true but the stock spokes look hideous and could be much better.