Herston Private Hospital
7-15 Wren Street, Bowen Hills, QLD, 4006, AU
4,789 m²
Description
Landmark Sydney Private Hospital and Woolworths Metro Investment
- Underpinned by East Sydney Private Hospital, co-owned by Medibank and HCF
- Sydney’s most central major healthcare asset
- Fully leased with an 11.7-year WALE^
JLL is pleased to exclusively present for sale ‘East Sydney Private Hospital’, 75 Crown Street, Woolloomooloo NSW.
East Sydney Private Hospital is a rare healthcare investment opportunity comprising an 8-theatre, 40-bed short-stay private hospital and a ground-floor Woolworths Metro supermarket, with a combined net lettable area of approximately 6,403 sqm*. The asset sits on the eastern fringe of the Sydney CBD, at the gateway to the affluent Eastern Suburbs.
The investment offers secure, long-term income underpinned by East Sydney Day Hospital Pty Ltd (co-owned by ASX-listed Medibank and HCF), and Woolworths Group Limited. The hospital and supermarket are held on separate stratum lots, offering flexible exit strategies.
East Sydney Private Hospital is for sale via Expressions of Interest closing Tuesday 17th of November 2026 at 2pm (AEST).
*Approximately. ^Approximate as at 31 December 2026.
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Attributes
Occupancy
100%
Building area net
6,463 m²
WAULT
11.7 years
Call for offers
11/16/2026
Media
Investment Highlights
- East Sydney Private Hospital is Sydney’s closest major private hospital to the CBD. at the gateway to the Eastern Suburbs, home to the highest average taxable income of any region in Australia.
- The fully fitted hospital offers 8 operating theatres and 40 beds across 3 levels, with 4,948 sqm* of net lettable area. Inner-city private hospitals of this scale and specification are rarely offered to the market.
- The hospital operates in the short-stay segment, where procedure volume is migrating from traditional long-stay settings. Private same-day separations grew more than ten times faster than overnight separations between 2018–19 and 2022–23.
- The operator is co-owned by Medibank and HCF, two of Australia’s largest private health insurers, alongside a group of admitting specialists, aligning the interests of insurer and clinicians with the hospital’s utilisation. The operator has traded from the building since 2013.
- Underpinned by a net lease to the hospital operator expiring December 2039, with two further 10-year options. The hospital accounts for 81%^ of base rent, with CPI or 3.75% annual increases.
- The ground floor is leased to Woolworths Group until June 2033, with four further 10-year options, providing a secure, blue-chip retail income stream.
- Positioned moments from William Street, the main corridor between the CBD and the Eastern Suburbs, with the Eastern Distributor, Cross City Tunnel, Kings Cross Station and frequent bus services close by.
- The ground floor also offers longer-term expansion potential for hospital or complementary healthcare uses.
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East Sydney Private Hospital (0 Properties)
