It's a fun bass. I don't know when it was designed but I'd happily guess that it was the late 60s. I've had a shedload of those 60s basses (Hofner, Klira, Hagstrom, Futurama, etc.) and this fits in perfectly with them.
Despite appearing to be a shortscale, it actually takes medium or even long-scale strings. The pickups are as thumpy as you'd expect, and all the electronics actually do what they're supposed to.
Hangs well on a strap ... courtesy of the amazing telescopic upper strap-pin. That 5cm steel pin slides through the bullet-shaped bit back inside the body.