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Guide
The guide is an indication of the minimum price at which the seller may be prepared to sell at the date the guide is published. If a guide range is provided, it represents a price bracket within which the seller may consider selling. The guide may be subject to change up to the time of the auction.
The guide does not include either VAT which may apply to the sale or other amounts the seller may charge. The seller’s Special Conditions of Sale and addendum if any, will state whether there are other seller’s charges and whether the seller has elected to charge VAT on the sale price.
Reserve
The reserve is the minimum price acceptable to the seller and the price below which the auctioneer cannot sell. The reserve may be subject to change up to the time of the auction.
Price
This is the price at which the property is sold.
Yield
Guide yield – The rent reserved divided by the guide.
Sale price yield – The rent reserved divided by the sale price plus standard purchaser’s costs including stamp duty.
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This is the addendum that will form part of the contract of sale and the buyer buys with knowledge of it
