This is a great price for a really nice looking and great sounding turntable, the TEAC TN-300 (I know because I bought one from Richer Sounds a year ago) :)
All four colours are available although some are in store only. I think I paid £250 for mine but the price now is £239 (and possible a further £10 off for VIP members - which is a mailing list that's free to join). You should get an email stating that until 20th May you'll get £10 off any spend over £100.
I've looked around and there is one open box TN-300 for £229 at Peter Tyson and a few in black only on Amazon. So in terms of customer service and colour choice I think this is a better deal.
Onto the specs.... well out of the box this turntable is excellent, I've really enjoyed getting back into Vinyl using this turntable, the sound is "bright and vivid" if that makes sense. The Turntable includes a Phono Stage so you can plug it straight into a surround sound amplifier, and the stylus is the highly respected Audio Technica AT95E cartridge.
I've since upgraded to an external preamp/phono stage and an Ortofon cartridge to give it a bit of extra oomph but out of the box it's absolutely fine and will please most people as it is.
The main body is very nice, it's polished MDF and gives it a really classy feel. With the USB out feature you can easily archive your old vinyls, I've tried this a few times and the results have been excellent (I can post some Youtube links if you are interested).