If it's in working condition it's an absolute steal! I'm not familiar with that particular system though. Keep in mind that there are many mechanical wear items in an HPLC system and quite a lot can go wrong. It's pretty specialized knowledge to set up and run one - I'm an organic chemist and I've used them for decades. One big issue will be the computer control interface and specialized software to run the system - you should see if this is included. Also, you could easily spend another $500 on the specialized s.s. tubing and fittings to plumb the instrument. You would also need access to high-purity water (about $75/4L) and acetonitrile (about $300/4L - typically buffered with trifluoroacetic acid) to actually run the system - then there's the disposal of the waste stream....
I suspect at this price, the unit is not functional anyway. It would be a really cool teardown. A couple of things: if you teardown the pumps, the pistons will look like glass rods. They're not - they're solid artificial sapphire! Also, the lamp in the UV detector will be a deuterium lamp that puts out high intensity UV (obviously!), be careful. Have fun!