Chelsea Park GRADE C

Building Overview

Chelsea Park is a prominent Grade C office complex in the Trung Kinh area, consisting of two 17-story towers with professional office space at the podium. The biggest advantage of the building lies in its spacious layout of up to 800 sqm per floor, featuring a regular-shaped design with minimal columns. This delivers an exceptionally high net usable area efficiency compared to other buildings in the same segment, allowing businesses to easily set up open-plan workspaces or partition departments without wasting space.

Location and Connectivity

Tọa lạc tại tuyến phố 116 Trung Kinh, Yen Hoa Ward, Hanoi, Chelsea Park offers a major commercial advantage by being situated right at a bustling intersection in the western part of the city. This main road directly connects dynamic new urban areas, making it easy for businesses to reach clients and partners in the region.

• Trung Kinh and Mac Thai To arterial roads: Key routes that quickly connect to neighboring ward such as Thanh Xuan, Dong Da, and Nam Tu Liem via Pham Hung and Tran Duy Hung streets.
• Nearby Hotels / Shopping Malls / Parks: Only 5-10 minutes away from Keangnam Landmark 72, Big C Thang Long, and Cau Giay Park, facilitating convenient diplomatic receptions and business meetings.
• Noi Bai International Airport: Approximately 30 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, optimizing travel time for executive business trips.
• Surrounding utility ecosystem: A high density of major bank branches (Vietcombank, BIDV, Techcombank), restaurants, office cafes, and supporting office buildings, fully meeting the daily needs of employees.

Technical Specifications and Operations

The building is equipped with a synchronized technical infrastructure system, ensuring continuity and efficiency for daily business operations:

• Scale & Floor plate: Two 17-story towers with 01 basement floor, with office space for lease at the podium featuring a regular-shaped, column-free typical floor plate of 800 sqm.
• Ceiling height: Reaches a standard 2.7 m, creating a well-ventilated space and allowing easy installation of plaster ceilings and office lighting systems.
• Elevator system: High-speed elevator system dedicated to the office block, minimizing waiting times during peak hours.
• Air conditioning system: Flexible individual air conditioning system, allowing businesses to actively adjust temperatures in each work area and optimize electricity costs.
• Backup power: Backup generator meeting 100% of the building's operational capacity in the event of a grid power outage.
• Parking: One basement floor and surrounding area, well-meeting the motorbike and car parking needs of staff and visiting clients.
• Standard working hours: Monday - Friday: 8:00 AM - 6:00 PM and Saturday: 8:00 AM - 12:00 PM, matching the operational pace of most modern businesses.

Leasing Costs and Commercial Terms

Chelsea Park offers highly competitive rental rates within the Grade C office segment in the Trung Kinh area, detailed as follows:

• Reference rent: $12 - $13 /sqm/month (rates may vary depending on the leased area and lease signing timing).
• Service fee: 0.5 USD/sqm/month, providing maximum operational cost support for small and medium-sized enterprises.
• VAT: 10%.
• Motorbike parking fee: 100,000 VND/vehicle/month.
• Car parking fee: 1,200,000 VND/car/month.
• Electricity consumption: Billed based on actual consumption via individual meters for each office.
• Overtime fee (OVT): Negotiable based on the actual operational needs of the business.
• Minimum lease term: Minimum 3 years to ensure stability for business planning.
• Deposit & Payment: 3-month deposit - Quarterly payment, suitable for corporate cash flows.

Suitable Tenant Profiles and Checks

With the advantage of a large 800 sqm column-free floor plate, Chelsea Park is an optimal choice for IT companies, outsourcing firms, training centers, or SMEs requiring open-plan workspaces that can be easily customized. However, from GRES's practical analytical perspective, businesses should keep the following points in mind during site inspections:

• Evaluate individual AC efficiency: Since the building utilizes individual air conditioning, businesses need to carefully plan partitioned rooms to avoid temperature imbalances and optimize monthly electricity bills.
• Survey peak-hour parking capacity: Check the actual parking situation in the basement and surrounding areas during early morning and early afternoon hours to ensure it can accommodate the motorbikes of a large workforce.
• Measure actual net usable area: Conduct precise measurements of the actual usable area (net area) versus the wall-to-wall area on the drawings to ensure the most optimized interior layout plan.
• Negotiate overtime (OVT) fees: For tech companies that frequently work night shifts or weekends, clarify the overtime fee structure right during the contract negotiation phase.

Advisory Conclusion

Chelsea Park 116 Trung Kinh is one of the best-performing Grade C office options in the Yen Hoa area, thanks to its column-free 800 sqm layout and highly reasonable rental rates. To receive a detailed total cost estimation, real-time vacant area updates, and support in negotiating the best commercial terms, contact GRES consulting experts today for comprehensive and completely free assistance.