A 50+ medium size 35mm manual wind camera does not take up much space, and a tele-zoom from the 80's era is not overly long, so a smallish bag would be adequate for such a kit.
Adorama has a ton of bags. Camera bags are also sold used at thrift stores, often very affordably. Last month I picked up a very small LowPro for $2 at Deseret Industries...a bag I know retails for $79 new!!! And it was IMMACULATE! I could tell, it had barely been used! Score!
I realize for a gift, many people would never want to buy a used bag. I can also tell you that I used to work in a retail camera store,and we used to sell $5 wholesale overseas sourced bags for $34.95, and $7 wholesale bags for $49.95. Offshore-made,
non-branded camera bags are highly marked up items, right behind filters in the outrageously marked up category.
The problem with a camera bag as a gift is that a bag or carry system is a rather personal choice. For walking around and carrying a camera, and two small lenses + a telezoom like Nikon's 70-300 f/4.5~5.6 VR-G, I actually prefer a fanny pack that has a water bottle slot on the right hand side, which tightly grips the 70-300 zoom. For me, the fanny pack/waist pack setup is vastly preferable to small camera bags. It cannot replace a medium or large bag, or a backpack, but then again, my backpack itself weighs about for pounds, empty.