Dilema....abusive advice sought...

I've been trying to get a decent steel frame which is a little tatty to paint matt black with hammerite (you hate me) and build a commuter bike.

I came across this bike last week but it was reserved but found out today it is still for sale. It's the perfect size for me as a road bike but a little small for a commuter as I would want to use it with risers.

I currently live in the Alps but need a commuter bike as might be moving to london for a job hence wanting something that looks crap for a all round bike i can lock up anywhere.

Do you think this bike is a bargain? It's €100. COuld I sell it for that / in parts for that in london / swap the frame for something steel?

sorry for crap phone photos. hopefully you can see a bit from them.

http://i87.photobucket.com/albums/k125/weazlepopper/Photo0035.jpg
http://i87.photobucket.com/albums/k125/weazlepopper/Photo0036.jpg

It's a Look carbon / kevlar frame. Shimano gears. Rigida red anodised rims (need trueing). Look pedals. Seat's a bit rubbish. Horizontal drop outs. Couldnt see branding on crackset.

Any issues with this frame?

Thanks for any help...

Buy it, get it serviced and re-taped and sell in London for three times the price you paid for.
I don't get the "It's the perfect size for me as a road bike but a little small for a commuter as I would want to use it with risers" bit.

If the frame's in good nick... buy, buy, buy!

And if you mean it'll be too short along the top with risers, why not keep the drops, or use bullhorns?

JFGI
http://www.google.com/search?q=look+KG76
Brings up plenty of advice and pitfalls regarding these very old bonded-lug frames.

I don't get the "It's the perfect size for me as a road bike but a little small for a commuter as I would want to use it with risers" bit.

On the drops/ brake grips it fits well and would be good as a road bike. In the city I prefer to be slightly more upright for better visibility and stability so I use a larger frame with risers and a shorter stem.

^^If the bonding's intact, it'll be fine as a beater.

Not sure I'd wanted to aim it down a bumpy road at 40mph...

JFGI
http://www.google.com/search?q=look+KG76
Brings up plenty of advice and pitfalls regarding these very old bonded-lug frames.

Thanks. I tend to check google before I do anything nowadays. Was interested in saleable / percieved value etc. too.

After a bit more research this doesn't seem like the bike for me. that'll teach me to be seduced by the words 'kevlar' and 'carbon' in the shop......

Lucky I didn't buy it on a whim and checked in here first...

Cheers..