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What happens if the reserve price is not met at auction?

In the event that the reserve has not been met the sale will be subject to the Seller's confirmation and acceptance thereof. The offer will be submitted to the Seller whereby the may elect to reject or accept the final bid (hammer) price.

Provided by
Swindon Press Room
Swindon Property is a leading commercial and industrial real estate organisation and the commercial associate for international real estate advisor, Savills, for sub-Saharan Africa.