Re an Arbitration between the Auckland Hospital Board and the Auckland Rugby League (Incorporated) - [1966] NZLR 413

Landlord and tenant — Lease — Right of renewal at rent to be fixed by arbitration — Whether town planning restrictions to be taken into account in valuing land — Whether possibility of removal of such restrictions also to be taken into account — Land designated as private open space — Thereby reserved for use for field sports — What type of hypothetical purchaser to be regarded as available — Methods of valuation of such land.

Valuation of land — Whether town planning restrictions to be taken into account in valuing land — Whether possibility of removal of such restrictions also to be taken into account — Land designated as private open space — Thereby reserved for use for field sports — What type of hypothetical purchaser to be regarded as available — Methods of valuation of such land.