Grand Building GRADE C

Building Overview

Comprising 11 above-ground floors and 1 basement located right on the bustling front of Hoa Ma Street, Grand Building stands out as one of the most budget-friendly Grade C office options for businesses seeking a central Hanoi location. Developed and directly managed by Song Phuong Industrial JSC, the building eliminates unnecessary intermediary expenses. The most significant financial advantage is the highly competitive rental rate of $12 - $13/sqm, which already includes the monthly service fee. This inclusive pricing structure allows tenants to easily forecast and control their fixed operating cash flow without worrying about unexpected surcharges.

Location and Connectivity

The building is situated at 30 - 32 Hoa Ma, Hai Ba Trung Ward, Hanoi, a vibrant business wardt with high commercial density and seamless access to major arterial routes.

• Arterial routes: Provides quick connection to key streets such as Pho Hue, Ba Trieu, and Dai Co Viet, facilitating smooth travel to Hoan Kiem wardt and surrounding areas.
• Administrative & banking hub: Located close to major bank branches, notary offices, and local administrative centers, efficiently supporting daily financial and trading transactions.
• Noi Bai International Airport: Approximately 35-40 minutes away via Vo Chi Cong or Nhat Tan Bridge, ensuring convenient schedules for welcoming international partners.
• Surrounding amenities: Surrounded by a dense network of restaurants, office cafes, and essential retail services, fully catering to client receptions and staff daily needs.

Technical Specifications and Operations

To evaluate the building's technical suitability, businesses should review the following operational specifications:

• Scale & Floor plate: Comprises 11 above-ground floors and 1 basement; typical floor plate of 200 sqm with a practical column layout, facilitating efficient space division.
• Ceiling height: Reaches a standard of 2.65 m, ensuring a well-ventilated working environment and easy installation of suspended ceilings and lighting systems.
• Elevator system: Equipped with 1 high-speed Mitsubishi brand elevator, ensuring stable vertical transit.
• Air conditioning: Utilizes an individual air conditioning system, allowing tenants to independently control temperatures and optimize electricity consumption.
• Backup power: 100% backup power capacity is available to maintain continuous business operations during grid outages.
• Parking: 1 basement level is dedicated for motorbike parking, while car parking is available at nearby parking lots.
• Standard working hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:30 PM.

Leasing Costs and Commercial Terms

From a financial standpoint, Grand Building offers a transparent cost structure that simplifies cash flow planning:

• Reference rent: $12 - $13 /sqm/month (subject to change depending on leased area and lease timing).
• Service fee: Included in rental price, offering substantial monthly operational savings for tenants.
• VAT: 10%.
• Motorbike parking fee: 200,000 VND/motorbike/month.
• Car parking fee: Parking available near the building according to actual local rates.
• Electricity cost: Actual consumption as per meter.
• Overtime fee (OVT): Negotiable based on flexible agreements between the tenant and the landlord.
• Minimum lease term: Minimum 3-year lease to ensure business stability.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

Grand Building is highly suitable for small and medium enterprises (SMEs), startups, or representative offices looking for a central Hai Ba Trung presence on a reasonable budget. To ensure optimal operations, businesses should conduct a physical inspection of the following aspects:

• Floor efficiency: Measure the actual usable (net) area versus the gross area to plan precise desk layouts.
• Parking capacity: Assess the basement's capacity for staff motorbikes and verify the distance to the nearest car parking options for executives.
• Elevator traffic: Observe the single elevator's performance during peak hours (morning arrival and lunch break) to coordinate staff schedules if necessary.
• AC configuration: Inspect the outdoor unit placements and cooling coverage of the individual AC units across different office corners.
• Overtime policy: Clarify the overtime (OVT) fee structure if your business frequently operates late shifts or weekends.

Advisory Conclusion

With the major advantage of service-fee-inclusive rent and a bustling central location, Grand Building is a smart financial solution that helps businesses optimize operational cash flow while maintaining a professional corporate image. To receive a detailed cost breakdown and schedule a site visit of the available spaces, contact GRES consultants today.