Best bet is probably to get onto the owner's clubs - at the very least HOC.org.uk, and possibly http://www.vf1000.com/forum/.
They'll be able to tell you what to look for other than the usual problems caused by a bike sitting idle for so long:
gummed up carbs - likely to need removing and cleaning, possibly ultrasonically
rotting petrol tank
goosed battery
cracked, mishapen, wooden tyres
acidic engine oil, fork oil & brake fluid
leaking fork seals
stuck / seized pistons, valved, cam chain tensioners
seized / stiff final drive chain
corroded chassis bearings
various engine seals gone hard / oval, may fail when used again
I'm not saying it'll have all of these, just stuff that can happen if a vehicle isn't used for a long time, particularly if it wasn't stored very carefully.
arrrf.