I've not seen those track ends before: quite elegant, but somehow they don't sit right with the frame...
Almost certainly resprayed, so whilst it likely is 531 the decals may not accurately reflect the age of the frame.
The dropouts look very similar to those on the look 233p
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Close, but I think @Vaast has nailed it!
@haveo started
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I've not seen those track ends before: quite elegant, but somehow they don't sit right with the frame...
Almost certainly resprayed, so whilst it likely is 531 the decals may not accurately reflect the age of the frame.