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It wasnt a problem as the bike is definitely to small for me. I just thought it was a bargain. It has got some top quality kit fitted so i definitely think its worth a punt.
As for 27.1.1/4...! terrible for any long distance stuff but i use a set of alloy 3240 weinmann 27.1.1/4 attachwd to harden hubs with schawbe maraton tyres for commuting and i wouldnt swap the set up for anything.
Thanks for your reply on the bike!
I've checked with the seller and the wheels are in fact 27", like you suspected. Very good news. The top tube is a bit long for me though, so I think I understand now why the stem reach is shortish. It's 22.5" c-c. Need to think that over. 22 would normally be my maximum, but maybe it's not the end of the world.
Sorry your offer was rejected.