Anyway, the bike sat in numerous sheds and endured numerous moves from the trail of rentals we have lived in. Finally Nate Nisbet decided to take on the challenge of restoring the bike. What an awesome job he has done, turning a street chuck out item into a work of art. The bike is so nice that i am a bit scared to ride it.
(Just a word of advice if you live in Perth and you are up for the task of repairing an old bike, I wouldn't recommend you deal with Pal and Panther in North Perth. They have been the worst bike shop to deal with throughout the restoration process.)