Friends’ Matthew Perry is selling his rehab centre

By admin
03 June 2014

Matthew Perry has slashed the price of his Malibu mansion by $1 million (R10,6 million) after turning it into a sober living facility for recovering addicts but plans to move Perry House to a more affordable location.

Matthew Perry has slashed the price of his Malibu mansion by $1 million (R10,6 million).

The former Friends star, who battled alcohol addiction in the past, recently put his beachfront property in the affluent Serra Retreat neighbourhood back on the market for $12.5 million (R132 million) after turning it into a sober living facility for recovering addicts. The 44-year-old actor, who has an estimated net worth of $70 million (R742 million), first listed the lavish house, which sits on 2.5 acres and is known as The Pier House, at the end of 2011 for five months, but failed to attract a buyer. He took it off the market in early 2012 and revamped it into a rehab clinic, Perry House, with a 12-step workshop and meditation program, but is now hoping to offload it and is expected to move his rehab centre to a more affordable space in Studio City in Los Angeles, according to the LA Times.

'Matthew is likely to make a sizeable profit from the sale'

Matthew is likely to make a sizeable profit from the sale, as he bought the four-bedroom home, which boasts views of the ocean, a home cinema, a swimming pool and a large meditation garden, for $6.55 million (R69 million) in 2005.

The actor moved into a mid-century modern home in the Hollywood Hills after purchasing it for $8.65 million (R91 million) in August 2011.

-Bang Showbiz

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