The car was purchased at an auction. The turbo was long gone and sludged up the engine, clogging the oil pickup tube in the process. The seller wired the oil pressure wire to ground so it wouldn't show the zero oil pressure. What a snake. I pulled a few bearing caps and they all looked good so I continued with the repairs.
It has a new belt tensioner, cam chain tensioner (yes it has both, great engineering, VW!
) but not sure about the water pump. I guess they'd have done it though. The car is mint inside and out, I paid $800 for it and another $100 for the turbo parts so I'm felling pretty good about it now.