Vintage Royce Union Stingray Bicycle

This is an old Royce Union Stingray bicycle with Banana seat I bought used about 15 years ago for my kids. They never rode it cause is wasn't cool(BMX was in style) and has remained in my basement since. It is a three speed with hand brakes. The chrome handle bars are starting to pitt as are the rims. The seat is is dirty but will clean up nice as you can see in the picture and t is a small tear by the rear. The fenders are nice and will clean up as shown in the pictures and it still has the chain guard intact. It it could be cleaned and used as is, it could be restored or used for parts.