Not a bad bike. I have one, and it reminds me of an improved version of the popular Fuji "Special Road Racers" (S-10-S & S-12-S) I had back in the '70s. It is "middle of the road", but so is the Toyota Camry & Honda Accord for that matter. Nice riding, solid & dependable bike.

The catalog for 1981 ...
http://www.classicfuji.com/1981_Thumbs.htm

The bike itself...$325 in 1981? If so, not cheap back then.
http://www.classicfuji.com/Royale_1981_Page.htm