[2023] NZREADT 17 - UM v REAA (26 July 2023) [pdf, 250 KB]
...tenant was described as one of many longstanding retail tenants in the building and the net annual return was $49,062.1 An auction notice at the shop stated that the premises returned $49,062 net annually. [7] On 11 August 2020, Mr Gow sent an email to the purchaser setting out the property highlights, including: 1. Returning $49,062 net p.a. 2. Longstanding tenant. [8] Mr Gow attached to his email an information memorandum which noted the tenant was SF, the net return...