Joined: Nov 2006
Posts: 19,811
Likes: 596
From: NJ, NYC, LI
Bikes: 1940s Fothergill, 1959 Allegro Special, 1963? Claud Butler Olympic Sprint, Lambert 'Clubman', 1974 Fuji "the Ace", 1976 Holdsworth 650b conversion rando bike, 1983 Trek 720 tourer, 1984 Counterpoint Opus II, 1993 Basso Gap, 2010 Downtube 8h, and...
Then again, it might be a great find. Based on the information provided so far, I can't comment on the specific bike. Since you ask about modifying it, though... this question suggests the bike isn't the one you want.