Chelsea Residences GRADE B

Building Overview

From the independent market perspective of GRES specialists, Chelsea Residences stands out as one of the most valuable Grade B office options in the Yen Hoa area, combining modern infrastructure completed in 2021 with highly optimized operational cost structures. Developed by Hanoi Civil Construction Joint Stock Company, the building features 25 above-ground floors and 3 spacious basements. With podium floors 1-2 dedicated to retail and office spaces, Chelsea Residences provides a highly professional working environment with a typical floor plate of 1,200 sqm, allowing flexible partitioning to suit various business scales.

Location and Connectivity

The building is situated at the prominent frontage of 48 Tran Kim Xuyen, Yen Hoa Ward, Hanoi. This is a rapidly developing urban area, home to a dynamic business community and a highly convenient regional transport network.

• Tran Duy Hung Axis and Ring Road 3: Only 3 to 5 minutes away, enabling rapid connection to Thanh Xuan, Nam Tu Liem, and neighboring provinces.
• Keangnam Landmark 72 and Lotte Center Hanoi: Located within 7 and 8 minutes of driving respectively, facilitating high-end diplomatic meetings and commercial activities.
• Noi Bai International Airport: Approximately 25 to 30 minutes away via Ring Road 3 and Nhat Tan Bridge, optimizing travel time for business trips.
• Surrounding Utility Ecosystem: Surrounded by numerous major bank branches, restaurants, and office cafes, catering to daily staff needs and client receptions.

Technical Specifications and Operations

To assist businesses in evaluating the actual operational quality at Chelsea Residences, GRES specialists have compiled the following checklist of core technical specifications and amenities:

• Scale & Floor Plate: 25 above-ground floors, 3 basements. Podium floors 1-2 for retail and office; typical floor plate of 1,200 sqm/floor with a column-free layout to maximize usable space.
• Ceiling Height: Reaches a standard 2.7 m, ensuring a spacious working environment and easy installation of technical ceilings and lighting.
• Elevator System: Equipped with 8 high-speed elevators, ensuring fast vertical transportation during peak hours.
• Air Conditioning System: Utilizes a modern Daikin 2-way VRV system, allowing flexible temperature control for individual working zones.
• Backup Power: 100% capacity backup generator, ensuring uninterrupted business operations during power outages.
• Parking Facilities: 3 spacious basement levels, fully meeting the parking demands of both cars and motorbikes for staff and visitors.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM; Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Chelsea Residences offers highly competitive and transparent commercial terms, with exceptional advantages regarding service fees and overtime charges:

• Reference Rental Price: $14 - $16 /sqm/month (subject to change depending on leased area and signing time).
• Service Fee: 0.3 USD/sqm/month (highly competitive rate for Grade B office buildings).
• VAT: 10%.
• Motorbike Parking Fee: 110,000 VND/motorbike/month.
• Car Parking Fee: 1,950,000 VND/car/month.
• Electricity Consumption: Billed based on actual meter readings for each office.
• Overtime Fee (OVT): Complimentary, significantly reducing operational costs for companies working night shifts or overtime.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

Chelsea Residences is highly suitable for IT companies, software developers, trading services, and representative offices seeking a modern workspace (completed in 2021) with optimized operating costs in Yen Hoa. The complimentary overtime policy is a major advantage for businesses with flexible or night-shift schedules. Before signing, businesses should conduct a physical inspection of the following items:

• Verify Parking Capacity: Inspect the 3 basements during peak hours to ensure adequate parking for large-scale staff.
• Measure Usable Area: Determine the ratio of net usable area to gross area to optimize office layout designs.
• Evaluate Elevator Traffic: Test the 8-elevator system during morning and afternoon rush hours to assess actual wait times.
• Test VRV AC System: Check localized cooling efficiency and noise levels of the Daikin 2-way system at planned workstation locations.
• Confirm Overtime Clauses: Clarify the exact terms for overtime usage to ensure complimentary access without hidden charges.

Advisory Conclusion

Chelsea Residences at 48 Tran Kim Xuyen establishes itself as one of the most cost-effective Grade B office buildings in Yen Hoa, Cau Giay. With modern technical infrastructure, 8 high-speed elevators, and an exceptional complimentary overtime policy, it serves as a solid foundation for long-term business growth. Contact GRES specialists today to receive detailed quotes, check real-time vacancies, and schedule a physical site visit.