Vinaplast Building GRADE B

Building Overview

Located on Ngo Quyen street, Cua Nam Ward, Hanoi, Vinaplast Building offers a financially optimized office solution for businesses seeking a professional workspace in the city center. With a scale of 9 office floors and 1 basement floor, this Grade B building provides a typical floor plate of 400 sqm/floor. It is an ideal choice that helps businesses effectively manage cash flow thanks to competitive rental rates, reasonable operating costs, and well-proportioned floor plans that facilitate easy partition of departments.

Location and Connectivity

The building is situated at 39A Ngo Quyen, Cua Nam Ward, Hanoi, on a key thoroughfare in the bustling administrative and commercial center, creating favorable conditions for business transactions and external relations.

• Ngo Quyen main street: Directly connects to major routes such as Hai Ba Trung, Ly Thuong Kiet, and Trang Tien, enabling rapid transit to neighboring ward.
• Hoan Kiem Lake and Hanoi Opera House: Only 3-5 minutes away, offering a great advantage for hosting partners and enhancing brand prestige.
• Noi Bai International Airport: Approximately 35 minutes of travel via Vo Chi Cong street and Nhat Tan bridge, ensuring seamless business travel.
• Surrounding amenities: Densely populated with major bank branches, government administrative offices, restaurants, and diverse office dining options.

Technical Specifications and Operations

Vinaplast Building is equipped with synchronized technical infrastructure, ensuring a stable and safe working environment for tenants:

• Scale & Floor plate: 9 office floors and 1 basement floor, typical floor plate of 400 sqm/floor with a square design to maximize actual usable area.
• Ceiling height: Reaches a standard of 2.65 m, creating an airy and comfortable space for employees.
• Elevator system: Equipped with 2 high-speed elevators, minimizing waiting time during peak hours.
• Air conditioning system: Modern central air conditioning system, distributing cool air evenly throughout the workspace.
• Backup power: 100% capacity backup generator, ensuring continuous operation without interruption.
• Parking space: Parking available in 1 basement floor and surrounding areas, fully meeting the parking needs of motorbikes and cars.
• Standard working hours: Monday to Friday (8:00 - 18:00) and Saturday (8:00 - 12:30).

Leasing Costs and Commercial Terms

With a focus on cash flow optimization for tenants, the building applies highly competitive pricing and commercial terms:

• Reference rent: $14 - $18 /sqm/month (a highly reasonable rate for a standard office in the city center).
• Service charge: 4 USD/sqm/month.
• VAT: 10%.
• Motorbike parking fee: 350,000 VND/motorbike/month.
• Car parking fee: Car parking available nearby.
• Electricity consumption: Included in service charge (including air conditioning electricity during standard working hours).
• Overtime fee (OVT): Negotiable based on the actual needs of the business.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment, allowing businesses to actively manage their cash flow.

Suitable Tenant Profiles and Checks

Vinaplast Building is a perfect fit for small and medium-sized enterprises (SMEs), technology companies, financial firms, or representative offices looking to establish a central headquarters on a reasonable budget. When conducting a site survey, businesses should pay attention to the following points:

• Car parking solutions: Survey nearby car parking lots to ensure convenience for directors and visiting partners.
• Workspace layout: Measure the actual net usable area and plan a column-free layout to optimize the number of workstations.
• Overtime costs: Negotiate detailed overtime fees if your business frequently has staff working late or night shifts.
• Air conditioning system: Check the cooling performance at office corners to ensure proper ventilation for all staff.

Advisory Conclusion

Vinaplast Building is one of the Grade B office buildings that possesses outstanding cost advantages in central Hanoi. Integrating air conditioning electricity into the service charge helps businesses easily control their monthly fixed operating budget and avoid unexpected costs. To receive a detailed quote, updated vacant areas, and schedule a site visit, please contact GRES consulting experts today.