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I'm happy to go single speed on it and replace the wheels for some cheap ally option from my LBS. New tyres and inners.
Where am I best to get a new BB and chain set from for the bike?
Going to wire wool the steel down and replace the bar tape.
The question is if I should bother stripping and painting the bike, I can do it at work when time is free, it's just getting the replacement stickers for it.
A work colleague gave me this also and said I can do as I please with it.
So I have stripped it so far, also not sure what to do, been told it started off as a B Twin bike. I have a few bits and pieces laying around just not sure what route to take.
Think I may just sort both out, move them on and sort my self out a decent single speed commuter.
Stamped dropouts and suicide levers indicate that this is not a high end frame by any means so don't be tempted to go spending loads of money. In your position i would give it a clean where parts move, regrease bearings and replace the bb/chain set with some thing cotterless from here, then run it as a single speed.