I'm not sure if bikes suffer the same, but I've seen a couple of extremely low kilometre, but old, cars. And they have needed all new seals, brake system rebuilds etc simply because the rubber has dried out through lack of use.
The torque convertor seal on one of my old cars starts to weap slightly after it is parked for a while, but once it gets a good run, it comes good.
Do bikes suffer the same fate? And so would this bike need quite a bit of work if it were to be ridden?