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It looks like it is rolling ready and needs very little to do on it.
You can do all that's required yourself probablyWhat I would advise -
- Check gear and brake cables and replace if needed. You may only wish/need to change the inner.
- Buy a degreaser solution and clean chain, freewheel and then oil.
3.Buy new brake pads if needed.
4.Buy some new inner tubes /tyres if needed.
5.Clean the rust of off the rims to make sure you can brake properly. - Check the spokes and go over with an oily rag to put the rust on hold.
- Go out and ride it and enjoy, It looks great.
Check out this link which gives you a history of Thanet http://www.classiclightweights.co.uk/thanet.html
- Check gear and brake cables and replace if needed. You may only wish/need to change the inner.
SideshowBob
Thanks all and thanks for the i.d @benjaminbunny it certainly looks like a silverlight, also has 'Gillott' on the stem. Were they made by Gillott? This is all one big school day for me. Will definitely have an honest restoration done; preserve the history and patina, won't be spraying it purple! Any info on restorers for this type of job? Pref in South London.