Yeah, that's a good deal, especially with the tools. And the Heritage II is less hassle to keep going than many of the same vintage - the belts are easily available and it can use G-series bags. (At least mine can - I've heard some use the older fill tube. If this is one of those, I think you can fit it with a G-series fill tube.)
It's also a completely serviceable daily driver, as long as everything's in good shape.