Building Overview
From the market analysis perspective of GRES specialists, Vinafood Building in the Luong Yen area represents one of the most cash-flow-efficient Grade C office options in Hai Ba Trung wardt. Comprising 8 above-ground floors and 2 basement levels, the building provides a typical floor plate of 250 sqm/floor with a highly efficient, column-free layout. This practical design minimizes wasted space, allowing tenants to optimize their office layout and focus financial resources on core business activities.
Location and Connectivity
The building is located at
94 Luong Yen, Hai Ba Trung Ward, Hanoi, offering rapid connectivity to the central Old Quarter and key transport corridors in the eastern part of the city. The surrounding infrastructure is relatively airy, reducing traffic congestion pressure for employees during peak hours.
- Luong Yen transport axis: Connects directly to major routes such as Tran Khat Chan, Nguyen Khoai, and the Red River dyke road, facilitating convenient travel to Hoan Kiem wardt and adjacent areas.
- Dam Trau urban area and surrounding landmarks: Located adjacent to the Dam Trau residential area and just 10 minutes from Hoan Kiem Lake, providing excellent conditions for business trading and hosting partners.
- Noi Bai International Airport: Approximately 35 minutes away via Chuong Duong Bridge or Vinh Tuy Bridge, connecting directly to the Vo Chi Cong highway.
- Surrounding utility ecosystem: Surrounded by numerous major bank branches, local restaurants, office cafes, and diverse supporting services to meet the daily needs of employees.
Technical Specifications and Operations
To evaluate the building's technical capability against actual operational requirements, businesses can refer to the following checklist of specifications:
- Scale & Floor plate: Features 8 above-ground floors & 2 basement levels with a typical floor plate of 250 sqm/floor, maximizing usable workspace.
- Elevator system: Equipped with 2 high-speed elevators to ensure smooth and efficient vertical transportation during peak hours.
- Air conditioning system: Utilizes a modern ceiling-mounted air conditioning system, ensuring even temperature distribution throughout the office.
- Backup power: Supported by a 100% backup power generator to maintain continuous business operations during power outages.
- Parking facilities: 1 basement level & front yard parking adequately accommodate the motorbike and car parking needs of tenants.
- Standard working hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 1:00 PM.
Leasing Costs and Commercial Terms
From a financial perspective, the building offers a strong competitive advantage thanks to its gross rental pricing and flexible commercial terms:
- Reference rental price: $09 - $11 /sqm/month (Highly competitive rate, subject to change depending on timing and actual leased area).
- Service fee: Included in rental price, helping businesses easily control their fixed monthly operational cash flow.
- VAT: 10%.
- Motorbike parking fee: 120,000 VND/motorbike/month.
- Car parking fee: 1,350,000 VND/car/month.
- Electricity consumption: Billed based on actual consumption from individual office meters.
- Minimum lease term: Minimum 3-year lease.
- Deposit & Payment: 3-month deposit - Quarterly payment.
Suitable Tenant Profiles and Checks
Vinafood Building is an ideal choice for startups and small-to-medium enterprises seeking budget-friendly workspaces in a central wardt. Before signing the lease agreement, businesses should conduct the following practical checks:
- Measure actual usable area: Determine the exact ratio of net usable area versus gross area to plan the most efficient desk layout.
- Assess parking capacity: Evaluate the basement and front yard parking space during peak hours to ensure adequate capacity for future staff expansion.
- Inspect AC performance: Ensure the ceiling-mounted air conditioning system operates effectively in all corners of the office.
- Negotiate overtime fees: Clarify the calculation method for overtime usage if the business frequently operates late-night shifts or on weekends.
Advisory Conclusion
Vinafood Building at 94 Luong Yen is an outstanding Grade C office solution for businesses prioritizing cash flow optimization and monthly cost efficiency. With its efficient floor plates, convenient location, and highly competitive gross rental rates, it is undoubtedly a top choice in Hai Ba Trung wardt. To receive a detailed quotation, check current vacancies, and schedule a site visit, please contact GRES specialists today for comprehensive and professional assistance.
