Pax Sky GRADE B

Building Overview

Boasting a LEED green building certification along with a scale of 7 above-ground floors and 3 basement levels, Pax Sky at 63-65 Ngo Thi Nham offers a modern Grade B office space that optimizes energy efficiency and operational costs for businesses. Completed in 2019 by Pax Sky One Member Co., Ltd and professionally managed by Okamura Sanyo Property Corporation, the building provides a typical floor plate of 540 sqm/floor with a flexible column-free design. From a financial perspective, having the central air conditioning electricity cost included in the service charge allows tenants to accurately forecast monthly cash flows, mitigating the risk of fluctuating energy bills during peak summer months.

Location and Connectivity

The building is located at 63-65 Ngo Thi Nham, Hai Ba Trung Ward, Hanoi, situated in a prime commercial location in the heart of Hai Ba Trung wardt with synchronized traffic infrastructure and outstanding business connectivity.

• Ngo Thi Nham arterial route: Connects directly to major streets such as Tran Hung Dao, Pho Hue, and Ba Trieu, allowing quick access to Hoan Kiem wardt and surrounding areas with minimal traffic congestion.
• Hoan Kiem Lake and central landmarks: Located just 5-7 minutes away, offering a significant advantage for diplomatic meetings and corporate events.
• Noi Bai International Airport: Approximately 35 minutes away via Vo Chi Cong street and Nhat Tan Bridge, ensuring seamless business travel for executives.
• Surrounding business ecosystem: Surrounded by major bank branches, premium restaurants, and business cafes, fully catering to daily transaction and networking needs.

Technical Specifications and Operations

The building's technical infrastructure is systematically invested to maximize actual space utilization and minimize operational waste.

• Scale & Floor plate: Comprising 7 above-ground floors and 3 basement levels with a typical floor plate of 540 sqm/floor, allowing flexible layout partitioning and space optimization.
• Ceiling height: Reaches a standard 2.7 m, creating an airy working environment and facilitating technical ceiling installations.
• Elevator system: Equipped with 2 high-speed Mitsubishi elevators, minimizing waiting times during peak hours.
• Air conditioning system: Daikin central air conditioning system, maintaining stable temperatures throughout the office.
• Backup power: 100% capacity backup generator, ensuring uninterrupted business operations during power outages.
• Parking space: 3 basement levels and building premises, effectively accommodating the parking needs of staff and clients.
• Standard working hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Financially, Pax Sky offers a transparent cost structure with highly competitive advantages in the central Grade B office segment, particularly with its AC-inclusive service fee policy.

• Reference rental price: $20 - $21 /sqm/month (a highly competitive rate for a central location, subject to change based on lease area and timing).
• Service fee: 5 USD/sqm/month.
• VAT: 10%.
• Motorbike parking fee: 250,000 VND/motorbike/month.
• Car parking fee: 3,000,000 VND/car/month.
• Electricity consumption: Billed based on actual consumption via separate meters; notably, central AC electricity is already included in the service charge, offering substantial savings.
• Overtime fee (OVT): Negotiable based on the actual operational needs of the business.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment, ensuring cash flow stability for tenants.

Suitable Tenant Profiles and Checks

The building is ideal for businesses seeking high-quality offices, reasonable costs, and excellent management services from a professional Japanese operator. The spacious 540 sqm floor plate allows for easy optimization of space for functional departments. However, to ensure optimal financial efficiency, tenants should carefully evaluate the following practical aspects:

• Net vs. Gross area ratio: Carefully inspect the usable (net) area versus the gross area to accurately calculate the lease cost per employee.
• Overtime cost balance: Negotiate specific overtime (OVT) terms if your business frequently operates night shifts or weekend hours.
• Peak hour parking capacity: Assess the actual capacity of the 3 basements to accommodate staff motorbikes and cars during rush hours.
• Elevator efficiency: Test the traffic flow of the 2 Mitsubishi elevators during morning and afternoon peak hours to ensure productivity is not compromised.

Advisory Conclusion

Pax Sky Ngo Thi Nham stands out as a financially optimized solution for businesses looking to establish a premium brand presence in central Hanoi while maintaining controlled operational cash flow, thanks to the AC-inclusive service fee. To receive a detailed report on available spaces, a customized operational cost sheet, and expert negotiation support, contact GRES specialists today for professional and objective assistance.