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@gav
I'd just build it up as is with a combination of nice-but-cheap second hand parts (seat post, stem, handlebars, brooks, pedals, brakes, cranks), and then buy new all the consumables and silver 105 groupset parts you need. Shouldn't cost too much and then you can ride it for the next year before deciding if you like it and whether you should splash out on new paint, frame alterations, 650b wheels down the line.