I found this old wrecker on the bay for £30 and with a bit of investigation found out it was a Peugeot Python from circa 1990. It has a Reynolds 531 lug less tube set and has been badly repainted at some point. It optional extra's included and stuck seat post, permanently attached bike lock, stuck stem and broken rear mech. It also has odd cranks (half Suntour and half Shimano) and later Shimano Alvio wheels.
A thing of beauty
Think that maybe shafted???
Nice security unit
Plans are a complete strip down, repaint and rebuild with period parts so I will report back as I progress.
I have managed to source Shimano 500LX front & Rear Mech's to replace the broken ones from the bay for 99p so not a bad start and no open wallet surgery as yet.
Watch this space