Fair amount of rust on that bile, but have seen worse. Non-stock items include paint color, exhaust and seat cover.
"Engine stuck" is a fairly common issue when bikes sit for a long time, the rings rust to the cylinder walls. It can be "unstuck", a lot us of soak the cylinders with a "cocktail mixture" of acetone and ATF and then rock it back and forth to free it up.
You may want to research parts availability for the 550 in your area, here in the States, its no problem but some parts may be as available as your 750. 550's are great bikes, I really like my '76 550F.