"Has potential..."
This abandoned bike was delivered to our workshop recently by the local council: it's an older VSF Fahrradmanufaḱtur bike, I'm guessing from the late 80's to early 90's. VSF Fahrradmanufaktur are known for making good quality chromoloy frames, but I've never seen one with lugged joints before. Even better it's designed for an 8 speed cassette with vertical dropouts.
It's got a few issues as well: the lock was dealt with fairly quickly, but the seat post is jammed, I'm waiting for a crank puller to take off the chain wheel, and then I have to figure out what to do with the nasty plastic bottom bracket, and then I have to strip the frame down, but hopefully this will (eventually) be a rather nice touring bike...