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@onelessfixie
Hmm, it's not worth a lot to me but could be a lovely bike if someone got around to building it up. I just had a look at it and the integrated kickstand bracket seems to be broken:
http://i.imgur.com/LGy9P8Dl.jpg
I presume that panel between the stays used to extended further and had a hole in it to bolt something through.
I don't know - £40? Including the rack and basket, of course.