Văn Hoa Building GRADE C

Building Overview

Featuring 08 above-ground floors and 01 dedicated basement, Van Hoa Building establishes a minimalist yet highly efficient workspace on the arterial western gateway of central Hanoi. As a professional Grade C office building, the project offers a typical floor plate of 120 sqm/floor, specifically targeting small and medium-sized enterprises seeking to optimize operational costs while maintaining a professional corporate image. The balance between affordable rental rates and a prime commercial location is the biggest advantage that allows this building to compete effectively with other properties in the same segment.

Location and Connectivity

The building is located at the front of 51 Kim Ma, Giang Vo Ward, Ha Noi, right on one of the most bustling and long-standing commercial streets of the capital, directly connecting the old administrative center with the new Western urban area.

• Kim Ma - Nguyen Thai Hoc Axis: Enables rapid connection from Ba Dinh wardt to Dong Da and Hoan Kiem ward, minimizing travel time during peak hours thanks to wide, well-divided lanes.
• International Convention Center and Lotte Center: Located just 900m to 3km away, facilitating diplomatic activities, welcoming international partners, and organizing large-scale events.
• Noi Bai International Airport: Takes approximately 30 minutes of travel via Nhat Tan Bridge or Vo Chi Cong street, ensuring seamless business travel schedules for executives.
• Surrounding Utility Ecosystem: Gathers a series of major bank branches, office restaurants, and cafes such as GoGi House and The Coffee House, fully meeting the reception and daily needs of staff.

Technical Specifications and Operations

Van Hoa Building is fully equipped with standard technical facilities to ensure continuous working performance for businesses.

• Scale & Floor Plate: 08 above-ground floors and 01 basement, with a typical floor area of 120 sqm/floor featuring a square layout that is easy to partition.
• Ceiling Height: Reaches a standard of 2.7 m, creating a spacious feel and allowing easy installation of plaster ceilings and lighting systems.
• Elevator System: Equipped with 01 high-speed elevator operating stably to meet internal vertical transportation needs.
• Air Conditioning System: New generation central air conditioning system with deep cooling capability and even air distribution across the floor.
• Backup Power: 100% backup power generator, ensuring business operations are not interrupted during power grid failures.
• Parking Space: 01 basement level dedicated to meeting the motorbike and car parking needs of staff.
• Standard Working Hours: Monday - Friday: 7:00 AM - 7:00 PM, Saturday: 7:00 AM - 1:00 PM.

Leasing Costs and Commercial Terms

The estimated rental cost at the building is considered highly competitive and transparent, helping businesses easily balance long-term cash flow.

• Reference Rental Price: Approximately $9 - $10 /sqm/month (rates may vary depending on the leased area and market timing).
• Service Fee: Included in rental price, simplifying monthly billing.
• VAT: 10%.
• Motorbike Parking Fee: 150,000 VND/motorbike/month.
• Car Parking Fee: 1,500,000 VND/car/month.
• Electricity Consumption: Charged based on actual consumption via individual meters for each office.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With a typical floor area of 120 sqm/floor, Van Hoa Building is an ideal choice for startups or small businesses prioritizing a central location for transactions but with a moderate budget. To ensure smooth actual operations, businesses should note the following technical survey points:

• Actual Usable Area (Net): Carefully measure the net usable area compared to the gross area to optimize the office layout.
• Elevator Efficiency During Peak Hours: The building utilizes 01 elevator; businesses with larger staff sizes should consider staggered working hours to avoid congestion.
• Parking Lot Capacity: Conduct a physical survey of the basement parking space during peak hours to proactively arrange external parking if capacity is exceeded.
• Air Conditioning Costs: Check the operation mechanism of the central AC system and how electricity indices are calculated to control monthly energy costs.

Advisory Conclusion

Van Hoa Building is a practical and highly cost-effective Grade C office solution in the Giang Vo, Ba Dinh area. The combination of a prime Kim Ma street-front location and rental rates under $10/sqm provides an outstanding competitive edge for businesses in their cost-optimization phase. To receive the latest vacant area report and schedule a physical site visit at Van Hoa Building, contact GRES consulting specialists today for in-depth support and negotiation of the best lease terms.