Figtree Private Hospital, 1 Suttor Place, Figtree, NSW 2525

Knight Frank is pleased to present Figtree Private Hospital, a 58-bed rehabilitation and allied health facility fully leased to ASX-listed Ramsay Health Care until 2035.  Figtree Private Hospital is located in Wollongong, one of Greater Sydney’s key growth cities.

The 7,277 sqm* NLA hospital sits on a 2.32ha* landholding and provides inpatient neurological, orthopaedic and reconditioning rehabilitation, day rehabilitation programs, the Illawarra Early Parenting Centre, and a comprehensive allied health offering under the Ramsay Health Plus banner.  A Transitional Aged Care ward is also in operation by Ramsay on behalf of the Illawarra Shoalhaven Local Health board with 15 beds currently in operation. 

Key investment highlights of this opportunity include: 
- Net passing income of $1,550,329 p.a.* net plus GST
- 9-years’ remaining under current lease to October 2035 plus 3 x 5 year options
- Single tenant lease to Ramsay Healthcare, Australia’s leading private hospital operator (ASX:RHC)
- Double net lease structure 
- CPI-linked review mechanism 
- Diversified service offering includes inpatient rehabilitation and early parenting programs, plus a Transitionary Aged Care ward and day rehabilitation programs
- 58-Ensuited rooms offer optionality to transition to an alternate healthcare or aged care uses beyond the current 2035 lease expiry (STCA)
- Prominent 2.32ha landholding with a registered subdivision scheme in place for the vacant northern land parcel offering value-add opportunities
- Wollongong population forecast to grow by 29%+ to 2046, with the region's 65+ cohort a core driver of rehabilitation and allied health demand
- $220 million NSW Government investment underway in the neighbouring Wollongong Hospital and Health Precinct redevelopment, in addition to the $838 million new Shellharbour Hospital  
- One of the Illawarra region's longest-standing private hospitals, operated by Ramsay for more than 40 years

Figtree Private Hospital, 1 Suttor Place, Figtree is For Sale via Expressions of Interest closing at 3:00pm (AEDT) on Thursday, 15th October 2026.

*Approximate, as at 31 October 2026. Sources: NSW Health; Illawarra Shoalhaven Local Health District; COORDINARE Population Health Profile; ABS; NSW Planning Portal; figtreeprivate.com.