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@Dazaa
This is now a perfectly working bike! Took it for a 20 mile ride today with absolutely no problems. Fitted an old fluted seat post and a rare avocet touring seat which doesn't really suit it but better than nothing.
Brakes aren't that good but will stop you, rear tire has loads of life in it. The campagnolo omega rear wheel has a 7 speed cassette fitted, shifting is fine but it doesn't go in to the highest cog, I will throw in the old rear wheel with the 6speed cassette which you can switch over if you wish. £200 for a fully working bike with vintage campagnolo bits on it, bargain in my opinion? (can of dr pepper not included)