First, put some quality glass on it and shoot some quality ammo thru it. If it looks promising then:
1. The stock as it is inletted, could probably use some bedding in the lug area. The buried floor plate is cosmetic.
2. I do not have Branko's book or my shop manual here, but I think that is an itermediate action, so getting a replacement/better stock will be a difficult because they are not as common and 98 long actions.
3. It may also be safety breeched, which makes doing barrel work a little more complicated as well.
I say shoot it, evaluate it, at most, glass bed it if it does not work to suite you. Otherwise, use as is or move it.