G'day Speedy and NormK,
Been in the weather for a long time because the red plastic is that faded.
I honestly thought it was a light grey version. That plastic must be degraded from that amount of exposure. I guess a freebie is a freebie.
I would at least find a better chassis for it if you get the engine going ok and try to use a blade disc with swing back blades to make it worth while.