I know of a bike co-op and they have some old Gitane bicycle back there that could be renovated. It largely looks very vintage, the one thing that looks relatively well is the handlebar tape by a company, Vittoria I do believe with Italian flag colours in the logo. One wheel really had a wobble and I decided I'd pass for the moment...who knows... yellow frame...
I like where the water bottle holder is, I haven't ever seen it there.