Let's get to it!
Fast-forward to August 2015, work begins! A quick going over with the wire brush on the bottom bracket shell reveals the serial number 135443. All Viking vintage cycles were stamped like this. Older model ranges generally had a alphabetical suffix followed by numerical. It was entirely numerical from the 1960s onwards.
There is another serial number which I didn't spot until the sanding phase, not too sure what it is but it is made up of a series of numbers and letters.
You can see quite nicely here that there are two curved lugs on the top of the bracket, these would guide the gear wire from the gear levers on the cross-tube - an interesting anatomy of the bike but useless in this build nonetheless.
Wheels and all peripherals removed. Most of these things are easily removed with a standard socket set - for older British/US bikes I recommend using an imperial socket set - you could probably manage with a metric set however.
Parts of the crankset mostly. I will try to clean the bearings off and re-use them provided they aren't worn/cracked etc. I found that sitting the parts in a bucket of degreaser with detergent worked best overnight. This way you simply wipe off the grubbiness once you take them out.
When I purchased the bike, a spare wheel came with it. I plan on using the spare wheel and binning the one currently with the cassette fitting - the chrome finish has so totally rusted that I doubt I can save it. The remaining good rims, spokes, spoke nipples, hubs and cassette will be cleaned, polished, protected with some wax and ultimately saved from the scrapheap!
The chain will similarly be saved, albeit with some links removed to accommodate a single speed configuration. To do this you will need to remove a segment of the chain by removing two pins holding the links together. The easiest way to do this is to get a link removal tool - you can buy these for a few pounds and it will save you a world of struggle.
The chainring will similarly be cleaned and used for now, however it's teeth are terribly worn and ultimately will be replaced at some point - if for nothing else other than a 2 speed chainring is redundant for this build. You can tell if your chainring is worn by the shape of it's teeth - if they look like the axiomatic teeth of a shark, then it's time to replace it!
I was at one point convinced I had a Tour of Britain, partly because the decal designs of both the Tour of Britain and the Hosteller are rather similar. On observation, located on the top tube, one can clearly make out "THE Hosteller MODEL". This gave me confidence that it was a Hosteller model, and consequently it will be reproduction Hosteller decals that will be applied. The badge design also indicated that this bike was too late in production to be a Tour of Britain.
The next major step is to remove the forks - which was incredibly difficult actually - and strip the bike of its paint! Here is a closing picture of a fish riding a bike, taken from my visit to the Guinness storehouse in Dublin, Ireland.