Nam Long Building GRADE B

Building Overview

From the market analysis perspective of GRES specialists, Nam Long Building at 66A Tran Hung Dao represents a prominent Grade B office option that offers exceptional commercial advantages in the historic core of Hanoi. The building comprises 9 above-ground floors and 3 basement levels, developed by Nam Long Investment Trading and Service Company Limited. The most significant advantage of its floor layout is the application of modern construction technology that optimizes net usable area, creating regular, column-free floor plates that allow businesses to easily partition their workspace and maximize seating density.

Location and Connectivity

Located at the precise street address of 66A Tran Hung Dao, Cua Nam Ward, Hanoi, Nam Long Building occupies a prime position on one of the most prestigious and spacious arterial streets in the city center. Tran Hung Dao street features wide lanes, minimal local traffic congestion, and direct access to major administrative bodies and financial institutions.

• Tran Hung Dao arterial route: Connects seamlessly to key traffic axes such as Le Duan, Ba Trieu, and Pho Hue, facilitating smooth inter-wardt travel between Hoan Kiem, Ba Dinh, and Hai Ba Trung.
• Hanoi Railway Station & Hoan Kiem Lake: Located just 3 minutes away, providing excellent convenience for diplomatic activities, client receptions, and partner meetings.
• Sân bay Quốc tế Nội Bài: Approximately 35 minutes away via Vo Chi Cong street and Nhat Tan bridge, ensuring timely business travel schedules for executives.
• Surrounding business ecosystem: Surrounded by a dense network of major banks (Vietcombank, BIDV), high-end restaurants, and corporate cafes, perfectly serving daily business and dining needs.

Technical Specifications and Operations

To evaluate the building's operational capabilities, tenants should verify the following technical specifications:

• Scale & Floor plate: Comprising 9 above-ground floors and 3 basement levels; typical floor plate of 400 sqm/floor with a regular layout that maximizes net usable area.
• Ceiling height: Reaches a standard of 2.7 m, creating an open and comfortable working environment.
• Elevator system: Equipped with 2 Schindler brand elevators, minimizing waiting times during peak hours.
• Air conditioning system: Daikin two-way ceiling-mounted air conditioning system, ensuring even temperature distribution.
• Backup power: 100% backup power capacity to ensure uninterrupted business operations during power outages.
• Parking facilities: Spacious parking across 3 basement levels, fully accommodating motorbikes and cars for staff and clients.
• Standard working hours: Monday - Friday: 8:00 AM - 6:00 PM; Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Below is a summary of the fixed rental costs and commercial terms at the building:

• Reference rental rate: $15 - $20 /m²/month (subject to change depending on leased area and lease commencement date).
• Service fee: 2 USD/sqm/month.
• VAT: 10%.
• Motorbike parking fee: 240,000 VND/motorbike/month.
• Car parking fee: 2,500,000 VND/car/month.
• Electricity consumption: Charged based on actual consumption as per individual sub-meters.
• Overtime fee (OVT): Negotiable directly with the building management.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

Nam Long Building is highly suitable for companies in finance, legal consulting, technology, or service sectors requiring a reputable representative office in central Hoan Kiem wardt with optimized operational costs.

• Measure net usable area: Carefully verify the ratio of net usable area to gross area to plan the desk layout and seating density accurately.
• Inspect parking capacity at peak hours: Physically check the 3 basements during morning and afternoon peaks to ensure adequate parking slots for your staff.
• Evaluate AC performance: Test the cooling efficiency in corner zones and clarify the electricity billing method for the AC system.
• Negotiate Overtime (OVT) fees: Clarify how overtime charges are calculated if your business regularly runs night shifts or weekend operations.

Advisory Conclusion

Nam Long Building stands out as one of the most cost-effective Grade B office options on Tran Hung Dao street, balancing a central location, solid technical infrastructure, and competitive rental rates. To receive a detailed quotation, check current vacant spaces, and schedule a site visit, contact GRES specialists today for comprehensive and professional support.