Lugged steel road frame in 54 cm, running a 12-speed downtube-shifter setup. Everything works as it should: gears index cleanly, both brakes bite, wheels are true and the bearings are smooth. Tyres were replaced last spring and have plenty of tread. Paint has the chips and touch-ups you would expect from a bike this age, all shown honestly in the photo. Great commuter or a starting point for a build. Collection only, Portland.