Virtual Circuits P/L v Sanderson Edgecliff P/L [2000] NSWSC 251

New South Wales Supreme Court

CITATION : Virtual Circuits P/L v Sanderson Edgecliff P/L [2000] NSWSC 251 revised - 11/04/2000 CURRENT JURISDICTION: Equity Division FILE NUMBER(S) : SC 1117/2000 HEARING DATE(S) : 16 March 2000 JUDGMENT DATE : 3 April 2000

PARTIES : Virtual Circuits P/L (Plaintiff) Sanderson Edgecliff P/L (Defendant) JUDGMENT OF : Bergin J

COUNSEL : Dr JG Renwick (Plaintiff) ST White/C Parry (Defendant) SOLICITORS : Selby Anderson (Plaintiff) Bartier Perry (Defendant) CATCHWORDS : Construction of a Lease - Validity of Notice of Termination pursuant to Redevelopment Clause - Entitlement to Exercise Option. Spectra Pty Ltd v Pindari [1974] 2 NSWLR 617; Caltex Oil (Aust) P/L v Alderton (1964) 81 WN (Pt 1) (NSW) 297; Re Haddad; Ex parte RW Jordan P/L (Federal Court of Australia, Sackville J 20 August 1997); CASES CITED : Rudi's Enterprises P/L v Jay (1987) 10 NSWLR 568; Codelfa Construction P/L v State Rail Authority of NSW (1981-1982) 149 CLR 337; Nicolene Ltd v Simmonds (1953) 1 QB 543 at 552; Johnson v Edgeware Railway Co (1866) 35 Beav 480; 55 ER 982 at 984. DECISION : Notice Valid. No Entitlement to exercise option. Summons dismissed.

THE SUPREME COURT OF NEW SOUTH WALES EQUITY DIVISION

BERGIN J

DATE 3 APRIL 2000

1117/2000 - VIRTUAL CIRCUITS P/L v SANDERSON EDGECLIFF P/L

JUDGMENT

1 The plaintiff is the lessee of premises comprising the ground floor, 80-82 McLachlan Street, Rushcutters Bay, New South Wales (the Premises) from where it conducts its computer sales and servicing operations. 2 The defendant is the authorised dealer for Mercedes Benz in New South Wales and presently operates its showroom and sales activities in premises located at 751 New South Head Road, Rose Bay. The defendant also operates a motor vehicle repair shop in premises located at 62 McLachlan Avenue, Rushcutters Bay. 3 The defendant purchased the property located at 80-82 McLachlan Avenue, Rushcutters Bay (the Property) on 24 September 1999 from Marinya Holdings Pty Ltd. (Marinya)