[2025] NZLVT 13 - Northview Capital Ltd v Hamilton City Council (21 March 2025) [pdf, 1.1 MB]
...seller and the hypothetical willing buyer are deemed to be reasonable men who are prepared to give proper but not excessive weight to all relevant circumstances. Yet he would not overlook any ordinary business consideration and would make full and careful inquiries on all relevant matters from public and other authorities. Therefore any potential use of the land must be considered in determining compensation for the compulsory acquisition of land. This flows from the well-establi...