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bjf
Perhaps, but doesn't make this a bargain-there's still a lot of fat on the total price relative to what you're getting. Sits somewhere between a Gazzetta (£350 for columbus frameset?) and something like Brother R725 which can be had now for £360 in the sale.
For the money I'd rather just buy a Pre-cursa with a winter fork, get almost the same clearances and have £475 to play with to get set up with wheels and the rest.