Decrepit
Overage, Obsolete, Too Old
Elderly people start to decay and they get all decrepit and gross. Like a corpse. Bleh. Good thing I'll never be too old. Ho ho ho!
ろうきゅう
This is a jukugo word that uses the on'yomi readings of the kanji. You should be able to read this on your own.
その建物はかなり老朽しているので、立ち入らない方がいい。
That building is pretty decrepit so you shouldn’t go in it.