I have been lucky enough to own and ride several Miele bicycles and found everyone of them to be well built and well finished. In my opinion, Miele bicycles are indeed worthwhile rides.

The one pictured looks to be an entry level Miele which is not to be interpreted negatively. Even their entry level stuff, that I have seen, is of mid level quality. Depending on price, this would most likely prove to be a durable well built bicycle that will offer a rewarding ride. My opinion, of course.