11 Levida Drive, Carrum Downs, Vic 3201

Nichols Crowder is pleased to offer 11 Levida Drive, Carrum Downs, for sale by Expressions of Interest closing Wednesday 28 October 2026 at 12pm.

An outstanding opportunity to secure a tenanted investment leased to Shanikas, an established name with a proven operating track record. Purpose built for the restaurant in 2012 and occupied by the business ever since, this property is offered for sale below replacement cost.

Shanikas has become a local institution and a familiar meeting place in the heart of the Carrum Downs business precinct. Its contemporary Italian dining, breakfast and lunch service, Friday evening dinners, private functions and catering cater to both the surrounding business community and the wider residential catchment. From corporate lunches to family celebrations, the restaurant serves a diverse range of occasions.

Positioned within Carrum Downs’ established industrial and commercial precinct, the property benefits from a surrounding mix of businesses, employers and residential neighbourhoods. Its longstanding role as a dining and meeting destination makes it a valued part of the precinct’s daily activity.

Occupying a substantial 1,153 sq.m allotment, the property comprises approximately 305 sq.m of building area, plus outdoor dining. More than 65 metres of dual street frontage creates a commanding street presence, providing exceptional visibility and exposure from two street approaches.

Combining a recognised hospitality name, continuous occupation since 2012 and fixed annual rental growth, this is a fantastic opportunity to acquire an established investment with a proven history at the location.

Key features:
* Purpose-built restaurant constructed for Shanikas in 2012
* Building area: 305 sq.m, plus outdoor dining
* Substantial 1,153 sq.m landholding
* Over 65 metres of prominent dual street frontage
* Positioned in the heart of the Carrum Downs business precinct
* Industrial 1 Zone
* Offered for sale below replacement cost

Key lease details:
* Tenant: Shanikas Carrum Downs
* Occupation: Operating from the property since 2012
* Current Rent: $105,444* + GST + Outgoings p/a
* Current lease commenced: 1 April 2024
* Lease term: five years
* Further options: Two further terms of five years
* Annual rental increases: Fixed 4%

For sale by Expressions of Interest closing Wednesday 28 October 2026 at 12pm.



Disclaimer:

For further information or to arrange an inspection, please contact the listing agent.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

 

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