The guitar is playable out of the box, good looking and good sound.
The only problem, and expected for the price range, is the finish. The intonation was OK but the fret ends were way out of the guitar neck width. There's space between the neck and the neck socket on the body. The thin E string keeps going out of the neck and gets stuck on the fret ends. The tone knob is set to On/Off settings, no mid way.
In the end, is the matter of a bit of luthier job and you end up with a really valuable guitar for the price. Just don't expect an instant 500€ guitar, of course.