Mr Scott picked up the property for just $3.3 million less than three years ago.
The heritage listed 150-year old grand Victorian at 316 St Kilda Street was one of Brighton’s first homes. Set on almost 2,800 square metres of land, the property still has the original coach house and groom’s quarters, which have been converted into guest accommodation.
Mr Scott was in the public eye this week, facing cross-examination from Cole’s lawyers, as they attempt to uncover who leaked an embarrassing email to the media. The email, between Scott and another employee, alleged Coles embellished its sale figures to look more attractive to prospective purchaser’s which were looking to buy Coles at the time.
Coles later explained the discrepancy and the Australian Securities and Investments Commission is not investigating the matter.
The email was leaked months after Scott was dismissed by breaching a Coles code of conduct. It is alleged Mr Scott failed to disclose property related dealings with a director of one of the company’s major meat suppliers, Giuseppe Catalfamo of Tasman Meats.
Coles will decide whether to use the evidence gathered in cross examination this week, to sue Mr Scott for breaches of confidentiality. The case continues in late August.
JP Dixon selling agent Ian Jackson sold the property, but declined to comment when contacted by Secret Agent.