7 foot long Coronet

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Just been offered a 7 feet long Coronet. Dont really know too much about lathes, so looking for advice. The bed is over 6 feet long, so would this be as 'stripped' down muti purpose machine?? Just one very heavy centre post. Got the toolrest, 3 jaw chuck and a couple of bowl faceplates too. Anyone know if they did a single post lathe this big? Thanks
Terry

 

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I've looked on google, and I reckon its a minor, stripped of all the add-ons. £50 sound about right?

 

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Now to find seven feet of bench space!!