Thank you to all have responded!
I have opted out of buying this Peugeot due to your feedback and feel perfectly fine about it.
Without you guys I might have bought it and regretted it or not bought and always wondered if I should have... I already have a newer road bike, but still miss my old vintage schwinn (that was super heavy) and was thinking this one could have taker her place, but with all your help I feel I have made the right decision.
Thanks again,
Nick