Looks like a very nice find and the first year makes it even a better score.Have seen GT750'S with some big miles on the odometer,strong reliable engines. Came in that lavender and a teal green in 1972. I've got 5 GT750's kicking around. Cranks seals on the engine are something to watch for, not as delicate as the Kaw triples. You may be able to tell their condition more when its fired up and the way it smokes. One part or parts I see missing that are hard and expensive to find are the black cones and gaskets that fit to the end of the mufflers,two different sizes. May want to check back with the seller to see if those are stashed away somewhere if you do not have them. I know a guy in Atlanta who is a GT750 parts guru if you need his contact info sometime.
Good luck on it, looks to be a very worthy project. Is the engine free and turning ?
PS- Check out sometime how much just that 4 leading shoe front brake is selling for sometime on E-bay
Racers need them in a certain class.