Elaborately decorated but near to collapse (6)
I believe the answer is:
ornate
'elaborately decorated' is the definition.
(I've seen this in another clue)
'near to collapse' is the wordplay.
'collapse' indicates an anagram.
'near'+'to'='nearto'
'nearto' with letters rearranged gives 'ORNATE'.
'but' acts as a link.
(Other definitions for ornate that I've seen before include "Over-decorated" , "Ostentatious" , "(Of literary style) complex and with unusual words" , "Highly decorated" , "Highly embellished" .)