Situated in the highly coveted Boat Quay lifestyle and financial precinct, 38 Circular Road presents high-net-worth individuals, family offices, and institutional investors with a generational wealth preservation opportunity. Fully refurbished at the end of 2023, this absolute-premium asset seamlessly pairs historical prestige with robust, immediate commercial yield.
Strong Immediate Cash Flow & Yield Breakdown
The property is being sold with existing, stable tenancies securely in place across all four levels. It features an anchor F&B setup on the ground floor and modern, corporate/lifestyle tenants on the upper storeys.
1st Floor (F&B Approved): $13,800 / month
2nd Floor: $9,500 / month
3rd Floor: $5,500 / month
4th Floor (with Open Roof Terrace): $7,700 / month
Total Monthly Rental Income: $36,500
Annualized Rental Revenue: $438,000
Core Investment Highlights
1. Generational 999-Year Tenure
With a leasehold status tracing back to 1826, this asset offers the long-term capital safety of a freehold property. Commercial conservation shophouses within Singapore's core CBD are strictly finite, ensuring elite scarcity value and strong capital appreciation over time.
2. Comprehensive $800,000 Asset Refurbishment
Investors save significantly on immediate capital expenditure. A meticulous, top-to-bottom restoration was completed in late 2023. Upgrades include:
A beautifully repainted and restored heritage facade with integrated feature lighting.
Brand-new interior flooring, modern air-conditioning systems, and upgraded lighting.
Refreshed washrooms outfitted with premium finishes and contemporary fittings.
3. Dynamic Precinct Transformation
Circular Road has rapidly evolved from a standard nightlife strip into a highly curated, premium dining and lifestyle enclave.
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