The first assessment is that it is a nice little machine with no larger issues in the cabinet and nothing to suggest that the machine has been mistreated in all the years since it was built.
At some point it has lost the oval frame around the funnel and the speaker cloth looks like it was cut out of some girls knickers, I will be replacing it with something more appropriate.
It has been lightly sanded down, however I cannot quite tell what wood was used, it is not as brown as oak and its not mahogany, perhaps somebody here can tell. But at the moment I think I will be using a clou teak aqua stain. (I read about it here on the forum somewhere) and then finish it with Shellack.
I love the smell of shellack in the morning

I am however quite disappointed by the seller, an antique shop that has closed down. When I first saw it there were four or five tins of needles and I failed to check when I picked it up. OF COURSE the tins were no longer there, I phoned the guy and he told me that „somebody must have taken them!“ A statement that I totally believe straight out of the gate.
The records… well. I am unsure if I have found a gold mine or just dug up some fools gold. I don’t know enough about records to tell if they are valuable, it „Pustza flowers in spring“ on a Polydor pressing is worth much, so after picking some that I like or think I may like the rest has gone into storage.
Despite being annoyed ever so slightly I am looking forward to working on this machine and I think it will turn out just fine.