The Rosary GRADE B

Building Overview

From the independent market analysis perspective of GRES specialists, The Rosary in Nghia Do area stands out as one of the most prominent next-generation Grade B office buildings today, thanks to its prestigious Green Mark certification and superior construction quality by the developer BRG Group. Completed in 2023, the building offers a modern, energy-efficient workspace that minimizes operational costs for businesses.

With a scale of 8 above-ground floors and 3 basements, The Rosary harmoniously combines a bustling commercial center at the podium with 6 professional office floors above. The typical floor plate reaches 765 sqm/floor, designed with a column-free layout that delivers an exceptionally high net usable area efficiency, allowing businesses to easily partition departments and arrange flexible workspaces.

Location and Connectivity

The building is located at the exact public address at 89 Lac Long Quan, Nghia Do Ward, Hanoi, situated right on a busy two-way street that directly connects the central ward with the new Tay Ho Tay urban area. This is a key traffic artery with synchronized and spacious infrastructure, minimizing traffic congestion during peak hours.

• Lac Long Quan and Vo Chi Cong Arteries: Quick connection to Tay Ho, Cau Giay, Ba Dinh ward, and the Diplomatic Corps Urban Area, facilitating smooth trade and employee commuting.
• West Lake and Tay Ho Tay Urban Area: Only 3-5 minutes away, offering a significant advantage for hosting diplomatic partners, international clients, and enjoying the airy landscape.
• Noi Bai International Airport: Just 20-30 minutes away via Vo Chi Cong street and Nhat Tan bridge, highly convenient for businesses with frequent business trips or welcoming foreign experts.
• Surrounding Amenities Ecosystem: The surrounding area is fully packed with major bank branches, shopping centers, restaurants, and office cafes, completely meeting the reception and daily living needs of employees.

Technical Specifications and Operations

To help businesses easily compare with practical operational standards, GRES specialists provide a detailed technical specification checklist of the building below:

• Scale & Floor Plate: 08 above-ground floors, 03 basement floors, comprising 02 commercial floors and 06 professional office floors; typical floor area is 765 sqm/floor.
• Ceiling Height: Reaching professional office standards at 2.7 m, creating a spacious feeling and allowing easy installation of plaster ceilings and lighting systems.
• Elevator System: Equipped with 03 high-speed passenger elevators and 01 dedicated service elevator, ensuring rapid circulation during peak hours.
• Air Conditioning System: Utilizing a modern central air conditioning system, distributing cool air evenly across the floor and optimizing energy savings.
• Backup Power: 100% backup power generator capacity, ensuring that business operations are not interrupted during power grid failures.
• Parking Lot: 03 spacious basement levels, fully meeting the motorbike and car parking needs of all staff and visiting 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 actual rental costs and commercial terms at the building, helping businesses easily build their operational budget:

• Reference Rental Price: $10 - $13 /sqm/month (Rates may vary depending on the leased area, floor, and lease signing time).
• Service Charge: 5 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: 120,000 VND/vehicle/month.
• Car Parking Fee: 1,800,000 VND/car/month.
• Electricity Consumption: Central air conditioning electricity during standard working hours is included in the service charge.
• Overtime Fee (OVT): Free of charge when air conditioning is not used, optimizing costs for businesses that regularly work overtime.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With its modern design and Green Mark certification, The Rosary is an ideal choice for technology (IT) enterprises, financial companies, medium-to-large startups (SMEs), as well as foreign representative offices with strict standards for a sustainable working environment and modern amenities. The square 765 sqm floor plate helps optimize workspace and enhance staff productivity.

Before signing the lease agreement, businesses should conduct a practical survey of the following key points:

• Net Usable Area: Carefully measure the net usable area versus the gross area to accurately calculate the desk layout density for employees.
• Parking Capacity: Check the actual number of motorbike and car parking spaces allocated to the leased area during peak hours.
• Technical & Firefighting Systems: Survey the locations of technical shafts, network cabling routes, and fire sprinkler heads to plan the optimal interior design.
• Overtime Policies: Clearly confirm with the management board regarding any incurred costs if the business needs to operate the air conditioning system after standard working hours.

Advisory Conclusion

The Rosary 89 Lac Long Quan is truly a bright spot for Grade B offices in the Nghia Do area, featuring premium construction quality, sustainable green certification, and highly reasonable rental costs. This is the perfect launchpad to elevate your brand image and optimize operational efficiency. Contact GRES specialists today to receive a detailed quotation, update the latest vacant areas, and schedule a building tour completely free of charge.