That's a very nice toy - the simplicity of it is so elegant.
Are you planning on fully restoring it ?
There is definitely a beauty to the simplicity of the Lenco mechanism versus the sophistication of the TD124 and the tank-like brutishness of the 301...
I would like to make something of this table but it will have to join the Q. I have way to many turntable projects lined up (and a limited budget). What would make this one more costly to restore would be trying to source an arm for it. I think the stock arm is beyond redemtion. Metal cancer (rust) has rendered the arm terminal (it works, but, cosmetically I do not think it can be restored - too much rust)... Its a pity there is a Linn Basik LVX arm up for sale. From what I understand it can be a drop in replacement...
To add to the already mentioned caveats the turntable runs a smidgen slow ( I would guess at 32.33 rpm). Just a enough to be noticed. The main bearing seems fine though. The platter spins for 45 seconds from 33 untill it stops.
There is also a slight cluck cluck indicitive of a flatspot on the idler...
It is such a pity that there is rust on the base. It would need to be sanded to metal and repainted but you would lose the nice white Lenco branding/lettering which goes very well with the colour they painted the base...