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@HatBeard
a plug is a perfectly good bike to get around town on and good enough that if you want to put some nice parts on it you'll notice some improvements (not too much though).
once you've ridden it through a winter or two and it's a bit dinged up you can get something nicer and keep it as your pub bike.
once you get your bike get down to the forum compass drinks nearest to you and make some friends and you'll get plenty of help sorting any slight problems out with whatever you get.