Very nice (London)

Conversion, yes, but appears to have been done to a very high standard. Lovely indeed.

$_86

FRAME PEUGEOT REYNOLDS 531

LIGHTWEIGHT

FRAME SIZE 56 CM

NEW 2 tires
NEW 2 inner tube
NEW freewheel
NEW chain
NEW brakes lever
NEW bar tape

crankset PEUGEOT
bottom bracket PEUGEOT
stem PEUGEOT
pedals GERMANY
headseat FRANCE
brakes WEINMANN

http://www.gumtree.com/p/bicycles/road-bicycle-single-speed-peugeot-reynolds-531-new-parts-/1116962642

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