Pretty rare car with the yellow houndstooth interior. I think you could do worse for the $40k price point, considering the rarity, but you'd really have to love the color combo...IMO the car would need some significant detailing to bring it up to a standard where you'd be able to show it (and it has some mods such as QA1 coilovers that you may or may not want to keep).
All in all, I think it's a pretty cool ride with this rare factory color combo. I checked out a #s yellow-on-yellow 350/250hp/Saginaw 4-sp yellow-on-yellow '69 a couple years back that was local to me, and the seller was firm on $11k even though the car needed everything. I don't think you could have restored that car into this one for the asking price, and this one's a #s Super Sport....
Link to 1969 Camaro SS350 auction