Questions about a 1989 Peugeot Bordeaux

I'm looking at a 1989 Peugeot Bordeaux for a friend. It doesn't look like it was ridden much, but it has rust on the components from sitting for 20 years. I told him he'd probably have to spend about $150 - $175 to get it road ready-- it needs tires, tubes, chain, cables, wraps, brakes, pedals and...