Church of Scientology to Sell Melbourne CBD Headquarters

The controversial religious denomination can expect to make about $8 million in today’s market for the historic four-level building, on the corner of Russell Street and Flinders Lane.

The building occupies a tiny slice of the city block, dominated by the Grand Hyatt hotel and near the 101 Collins Street office building.

The Church of Scientology recently paid $7 million for the Sisters of Mercy college in MtAlexander Road, Ascot Vale, which it is restoring and plans to occupy later this year.

A spokeswoman for the church confirmed it had received offers to sell its headquarters, which it paid $720,000 for in 1980. She said the church considered each proposal as they were submitted, but no sale had been formalised.

Two years ago, the church put its headquarters to the market, but withdrew it from sale before a scheduled auction in a campaign led by DTZ.

Asset rich, and cash rich like most churches, the Church of Scientology members include Lisa Marie Presley, Kirstie Alley and Tom Cruise.

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Marc Pallisco

A former property analyst and journalist, Marc is the publisher of realestatesource.com.au.

Marc Pallisco

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