CTP Building GRADE C

Building Overview

Officially operational since 2020, CTP Building has quickly established itself as one of the most modern and synchronized Grade C office buildings in the heart of Hoan Kiem wardt. With a scale of 6 stories and 1 basement, the building offers a typical floor plate of 350 sqm, designed to maximize net usable area rather than gross area, helping businesses optimize rental costs per employee. The technical highlight of the building lies in its square, column-free floor plate design, which facilitates flexible partitioning and high-density seating layouts. The entire mechanical and electrical (M&E) infrastructure, including the modern central air conditioning system, high-speed elevators, and 100% capacity backup generator, is comprehensively invested to ensure continuous and stable operations for tenants.

Location and Connectivity

The building is located on the frontage of 28 Tran Nhat Duat, Hoan Kiem Ward, Hanoi, situated on a vital ring road that directly connects the historic city center with neighboring ward and northern trading axes.

• Tran Nhat Duat traffic axis: A key route running along the Red River dike, allowing quick access to major streets like Phan Dinh Phung, Hoang Dieu, and bridges like Chuong Duong and Long Bien for seamless connection to Long Bient and neighboring provinces.
• Hoan Kiem Lake and the city center: Located just 1.8 km from Hoan Kiem Lake, providing excellent convenience for diplomatic activities, client meetings, and hosting major partners in the heart of the capital.
• Noi Bai International Airport: Takes approximately 30 minutes via Vo Chi Cong or Nhat Tan Bridge, ensuring smooth business travel schedules for executives.
• Surrounding amenities ecosystem: The vicinity is packed with major bank branches, notary offices, business restaurants, and cafes, fully catering to client reception and daily staff needs.

Technical Specifications and Operations

CTP Building is equipped with synchronized technical infrastructure meeting professional office standards to support continuous business operations:

• Scale & Floor plate: 06 stories and 01 basement; typical floor plate of 350 sqm with a square, highly efficient layout.
• Ceiling height: Reaches a standard of 2.7 m, creating an airy working environment and allowing easy installation of acoustic ceilings and lighting.
• Elevator system: Equipped with 02 high-speed elevators, ensuring rapid vertical transit during peak hours.
• Air conditioning system: Modern central air conditioning system, distributing cool air evenly across the floor while optimizing energy consumption.
• Backup power: 100% power backup via generator, automatically activated in the event of a main grid failure.
• Parking: 01 basement level parking combined with the building's courtyard, well-meeting the parking needs of cars and motorbikes for staff.
• Standard working hours: Monday - Friday: 8:00 AM - 6:00 PM, Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Commercial terms at the building are evaluated by GRES as highly competitive compared to the general market in Hoan Kiem wardt:

• Reference rent: $12 - $14 /sqm/month (rates may vary depending on leased area and lease signing time).
• Service fee: Included in rent, allowing businesses to easily plan fixed monthly budgets.
• VAT: 10%.
• Motorbike parking fee: 100,000 VND/motorbike/month.
• Car parking fee: 1,500,000 VND/car/month.
• Electricity consumption: Actual consumption based on meter readings for each office.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With the advantage of a square 350 sqm floor plate and new technical infrastructure operational since 2020, CTP Building is an ideal choice for companies in IT, Logistics, small-to-medium startups, or foreign representative offices looking to optimize operational costs in central Hoan Kiem.

• Actual floor efficiency: Verify the ratio of net usable area to gross area to accurately calculate the number of workstations that can be set up.
• Parking capacity: Survey the actual capacity of the single basement during morning and afternoon peak hours to plan for alternative parking nearby if staff size is large.
• Central AC system: Clarify the operating mechanism and how actual cooling costs are calculated via meters to avoid unexpected expenses.
• Peak hour traffic: Assess traffic density on Tran Nhat Duat street during pick-up/drop-off hours to proactively manage working schedules.

Advisory Conclusion

CTP Building is one of the few Grade C office buildings in Hoan Kiem wardt that features new technical infrastructure, a column-free square floor plate, and highly reasonable rental rates inclusive of service fees. This is the optimal solution for balancing a central location with a corporate operational budget. Contact a GRES specialist today to receive a detailed quote, check real-time vacant spaces, and get assistance in negotiating the best lease terms.