Sky Tower GRADE C

Building Overview

Planning an optimal workspace for a team of 30 to 50 employees on a single floor plate requires a careful balance between actual usable area and fixed monthly operating costs. Sky Tower, a Grade C office building located in the city center, offers a highly flexible leasing solution with 14 stories and 1 basement level. Featuring a typical floor plate of 360 sqm, the building allows tenants to maximize desk density and eliminate dead space often caused by structural columns.

From a financial perspective, Sky Tower holds a distinct competitive edge by integrating the service fee directly into the rental rate. This structure enables businesses to easily manage cash flow and plan long-term budgets without worrying about unexpected monthly surcharges.

Location and Connectivity

Sky Tower is situated at the prime street front at 97 Tran Hung Dao, Cua Nam Ward, Hanoi, on one of the most prestigious diplomatic and financial arterial streets in the central business wardt. Tran Hung Dao street boasts excellent traffic flow, wide sidewalks, and strong regional connectivity, allowing businesses to easily reach central government offices and major corporate partners.

• Tran Hung Dao arterial route: Connects directly and quickly to key routes such as Le Duan, Ba Trieu, and Pho Hue, facilitating seamless travel across ward.
• Hanoi Railway Station and Friendship Cultural Palace: Located just 2-3 minutes away, serving as key landmarks for business connectivity, events, and hosting important diplomatic partners.
• Noi Bai International Airport: Approximately 35 minutes away via Vo Chi Cong street and Nhat Tan Bridge, ensuring efficient travel for executive business trips.
• Surrounding business ecosystem: Densely packed with major bank branches, diverse restaurants, and premium office cafes to support daily client meetings.

Technical Specifications and Operations

The technical infrastructure at Sky Tower is designed to support continuous business operations with the following specifications:

• Scale & Floor Plate: 14 stories and 1 basement level; typical floor plate of 360 sqm, easily divisible into smaller leasing areas.
• Elevator System: Equipped with 2 Toshiba elevators, ensuring quick vertical transit and minimizing wait times during peak hours.
• Air Conditioning System: Individual ceiling-mounted AC system, allowing independent temperature control in different work zones to optimize electricity usage.
• Backup Power: No backup generator available; tenants should consider installing Uninterruptible Power Supplies (UPS) for critical server equipment.
• Parking Facilities: Motorbike parking is located in the building's basement, ensuring security and convenience for staff.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM; Saturday: 8:00 AM - 12:30 PM.

Leasing Costs and Commercial Terms

The commercial terms at Sky Tower are highly optimized for the cash flow of small and medium-sized enterprises due to a transparent fee structure:

• Service Fee: Included in rent, reducing the burden of monthly management overheads.
• VAT: 10%.
• Motorbike Parking Fee: 150,000 VND/motorbike/month.
• Car Parking Fee: Car parking available at Hanoi Railway Station or Friendship Cultural Palace (charged according to the actual rates of the parking operators).
• Electricity Consumption: Billed based on actual consumption via individual meters for each office.
• Overtime Fee (Overtime): Negotiable directly with the building management based on actual operational needs.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment, ensuring stability for operational cash flow.

Suitable Tenant Profiles and Checks

With its specific design and Grade C classification, Sky Tower is a solid choice for small to medium-sized companies seeking a stable and cost-effective workspace in the heart of Hoan Kiem wardt. However, to ensure actual operational efficiency, businesses should carefully evaluate the balance of pros and cons through the following inspection points:

• Car Parking Solution: Since the building does not support on-site car parking, physically survey the distance and capacity at Hanoi Railway Station or the Friendship Cultural Palace to ensure convenience for executives and clients.
• Backup Power System: Since the building lacks a backup generator, tech companies or businesses running continuous server systems must proactively plan for their own backup power solutions.
• Ceiling-Mounted AC Performance: Carefully test the cooling capacity of the individual AC system in corner zones before constructing meeting rooms or executive offices.
• Actual Usable Area: Accurately measure the net usable area compared to the gross area stated in the contract to precisely calculate desk layout density for staff.

Advisory Conclusion

Sky Tower represents a smart financial solution for businesses looking to establish their brand presence in central Hanoi while strictly controlling their monthly operating budgets. The combination of a prime location on Tran Hung Dao street and an all-inclusive service fee structure minimizes the risk of cost fluctuations. To receive a detailed quote, check the latest vacant spaces, and schedule a physical tour at Sky Tower, please contact the leasing specialists at GRES.