That look lovely, the frame doesn't look like your standard Peugeot tubing (probably 531 or equative), so it's defintely a decent one, the biggest clue is that it doesn't have mudguard eyelit.
It doesn't look like it will take much to get it to run smoothly, not sure why you want to have an internal hubs when the bike already got all the gears you need?
That look lovely, the frame doesn't look like your standard Peugeot tubing (probably 531 or equative), so it's defintely a decent one, the biggest clue is that it doesn't have mudguard eyelit.
It doesn't look like it will take much to get it to run smoothly, not sure why you want to have an internal hubs when the bike already got all the gears you need?