Knight Frank, as exclusive selling agents, is pleased to present VIVACITY STAGE 2 – 5 Uhrig Road, a stunning brand new 7 storey building located in the Carter Street Precinct adjacent to Sydney Olympic Park approved for a dual-use hotel and co-living scheme.
The asset comprises a fully constructed, vacant office building with Development Approval in place for conversion to a combined hotel and co-living scheme, providing immediate execution and planning certainty.
The approved scheme potentially delivers two complementary income streams: stable co-living demand driven by a growing residential and professional population, and high-yield hotel income supported by Sydney’s largest concentration of major event venues.
The precinct’s year-round events calendar underpins strong short-stay demand, while ongoing residential growth supports sustained occupancy for co-living.
Key Highlights:
- DA Approved for immediate conversion to 76 beds, comprising 33 Hotel rooms and 43 Co-living rooms
- Approved GFA 3,731 sqm* including communal living amenity + 43 secure basement parking spaces
- Dual income optionality
- Minimal capital outlay for asset activation
- Exceptionally connected location, proximity to rail, Future Sydney Olympic Park Metro station, West Connex and the Future Parramatta light rail
- Positioned in the heart of one of Sydney’s most significant infrastructure corridors
- End-of-Trip facility
For Sale via Expressions of Interest Closing Wednesday 27 May 2026 at 4pm (AEST)
For further information or to arrange an inspection, please contact the exclusive agents.
*Approximate
Remember to mention you found this property on DevelopmentReady
Knight Frank, as exclusive selling agents, is pleased to present VIVACITY STAGE 2 – 5 Uhrig Road, a stunning brand new 7 storey building located in the Carter Street Precinct adjacent to Sydney Olympic Park approved for a dual-use hotel and co-living scheme.
The asset comprises a fully constructed, vacant office building with Development Approval in place for conversion to a combined hotel and co-living scheme, providing immediate execution and planning certainty.
The approved scheme potentially delivers two complementary income streams: stable co-living demand driven by a growing residential and professional population, and high-yield hotel income supported by Sydney’s largest concentration of major event venues.
The precinct’s year-round events calendar underpins strong short-stay demand, while ongoing residential growth supports sustained occupancy for co-living.
Key Highlights:
- DA Approved for immediate conversion to 76 beds, comprising 33 Hotel rooms and 43 Co-living rooms
- Approved GFA 3,731 sqm* including communal living amenity + 43 secure basement parking spaces
- Dual income optionality
- Minimal capital outlay for asset activation
- Exceptionally connected location, proximity to rail, Future Sydney Olympic Park Metro station, West Connex and the Future Parramatta light rail
- Positioned in the heart of one of Sydney’s most significant infrastructure corridors
- End-of-Trip facility
For Sale via Expressions of Interest Closing Wednesday 27 May 2026 at 4pm (AEST)
For further information or to arrange an inspection, please contact the exclusive agents.
*Approximate
Remember to mention you found this property on DevelopmentReady
5 Uhrig Road, Lidcombe, NSW, 2141
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