Its a Claud Butler Elite from the 1990s. Apart from that crack it seems to be in excellent condition, there's hardly a scratch on it. I wonder how or why it cracked in that place though, as I've never seen that before? It seems so unlikely. What could have caused it?
If I would have to pay around the £90 mark, then get it sand blasted & resprayed, would it be worth it? I could save money by spraying it myself of course. If I did I would use these paints:
https://spray.bike/