Valuer-General v Radford and Co Ltd - [1993] 3 NZLR 721

Valuation of land — Government valuations — Redevelopment site — Existing leases — Difficulties for lessor in obtaining vacant possession — Whether value of land should be reduced by value of burden of leases — Valuation of Land Act 1951, ss 2, 8, 11, 45 and 46.