That is a fine bike at a very reasonable price. If it fits you, I'd grab it and the lights and lock. The frame looks good from the pic but check that it hasn't been crashed. Mainly just look at the paint and make sure it is smooth everywhere and not wrinkled. Also check that the wheels are true. As long as the frame is good and the wheels are good, that is a good price even if you have to replace some of the parts. Like with any old bike, you'll need to overhaul it, replace the cables, and the chain.