Phoenix Building GRADE B

Building Overview

From the independent market perspective of GRES specialists, Phoenix Building in the Duy Tan area represents an highly effective cash flow optimization solution for businesses seeking a professional Grade B workspace without bearing excessive financial pressure. Completed in 2022, the building features 15 above-ground floors and 2 basements, offering a typical floor plate of 350 sqm/floor with a modern design that maximizes actual usable space. Compared to other buildings in the same segment in Cau Giay wardt, Phoenix Building stands out due to its flexible operational policies and maximum cost-saving capabilities, thanks to newly installed energy-efficient equipment. The handover of clean shell spaces allows tenants to shorten fit-out times, thereby optimizing initial capital expenditure.

Location and Connectivity

Phoenix Building is situated at Lane 15 Duy Tan, Cau Giay Ward, Hanoi, right in the heart of the capital's tech hub, which boasts a high density of corporate offices and high-tech enterprises. The wide and clear lane ensures smooth vehicular access, avoiding direct traffic congestion from major roads during peak hours.

• Duy Tan - Pham Hung Axis: Quickly connects to Ring Road 3, facilitating convenient travel to neighboring provinces and northern industrial parks.
• Duy Tan Office Cluster: Located adjacent to major buildings such as CMC Tower, TTC Tower, and Viet A Tower, creating a highly dynamic environment for business networking and collaboration.
• Noi Bai International Airport: Takes approximately 30 minutes via Pham Van Dong Street and Thang Long Bridge or Nhat Tan Bridge.
• Surrounding Amenities Ecosystem: Surrounded by a dense network of major bank branches including Vietcombank, BIDV, and TPBank, along with numerous restaurants and cafes catering to office workers.

Technical Specifications and Operations

The building is equipped with a synchronized and modern infrastructure system, fully meeting the strict operational standards of a professional Grade B office.

• Scale & Floor Plate: 15 above-ground floors and 2 basements, with a typical floor plate of 350 sqm/floor offering flexible partitioning options.
• Ceiling Height: Reaches a standard of 2.7 m, ensuring airy spaces and easy installation of technical ceiling systems.
• Elevator System: Equipped with 3 high-speed Mitsubishi elevators, minimizing waiting times during peak hours.
• Air Conditioning System: Utilizes a new-generation Daikin central air conditioning system, operating quietly and energy-efficiently.
• Backup Power: 100% power backup generator ensuring uninterrupted operations for the entire building during power outages.
• Parking: 2 spacious basement levels along with the surrounding courtyard adequately meet the parking demands.
• Standard Working Hours: Monday to Friday (8:00 AM - 6:00 PM) and Saturday (8:00 AM - 12:00 PM).

Leasing Costs and Commercial Terms

The commercial terms at the building are structured to provide flexibility and long-term cash flow optimization for tenants.

• VAT: 10%.
• Air Conditioning Electricity: Included during standard working hours.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

Phoenix Building is an ideal choice for companies in Information Technology (IT), Fintech, fast-growing startups, or businesses looking to establish a professional representative office in central Cau Giay with a reasonable budget.

• Floor Plate Efficiency: Measure the actual usable area (net area) versus the gross area to accurately calculate the real rental cost per employee.
• Air Conditioning System: Reconfirm the operational mechanism of the Daikin central AC and the policy of included cooling electricity during working hours to optimize fixed costs.
• Parking Solutions: Assess the actual capacity of the 2 basements during peak hours to ensure sufficient parking spaces for staff and clients.
• Overtime Policy: Discuss in detail any potential overtime (OVT) fees if your business frequently operates night shifts or continuous projects.

Advisory Conclusion

Phoenix Building offers a perfect balance between capital investment and actual operational efficiency in the Duy Tan area. With the advantages of a newly completed building in 2022, modern equipment, and included AC electricity, this is undoubtedly a cash-flow-optimized option that should not be missed. Contact GRES specialists today to receive a detailed cost analysis, updated vacant spaces, and to schedule a site visit at your earliest convenience.