Gifting and old Cannondale to a friend

Hello All,

Looking for some opinions here. I recently bought an old Cannondale M500 for a friend of mine. It’s a 97 but in fantastic shape. I don’t think this bike was ridden much. I’m gifting it to him. My question is this, should I I have the wheel hubs re-greased or do you think the bike will be fine? There are no issues with the wheels other than some surface rust on one skewer. I just don’t want to give someone a problem.

Thanks in advance.