Red River Building GRADE C

Building Overview

Red River Building is a prominent Grade C office building featuring 6 above-ground floors, offering a generous typical floor plate of up to 700 sqm/floor. Boasting a modern design and a wide facade facing Hong Ha Street, the building is an ideal choice for businesses requiring centralized workspaces, maximizing usable area while ensuring cost-effective operations.

Location and Connectivity

The building is strategically located on the street front at 885 Hong Ha, Hong Ha Ward, Hanoi, situated right on the bustling riverside route with convenient access to central ward and surrounding areas.

• Hong Ha - Tran Khanh Du Route: Directly connects to key arterials such as Tran Hung Dao and Nguyen Khoai, facilitating rapid travel to Hai Ba Trung and Hoan Kiem ward.
• Ngoc Son Temple and Old Quarter: Only 5-7 minutes away (approx. 1.2km - 1.6km), providing excellent convenience for welcoming partners and clients.
• Noi Bai International Airport: Approximately 35 minutes away via Vo Chi Cong or Nhat Tan Bridge, ensuring smooth travel for business trips.
• Surrounding Amenities: Surrounded by commercial banks, restaurants, office cafes, and supporting services to meet daily business needs.

Technical Specifications and Operations

Red River Building is equipped with synchronized infrastructure and standard operational utilities to fully support tenants' daily activities:

• Scale & Floor Plate: Features 6 above-ground floors with a typical floor plate of 700 sqm/floor, supporting flexible subdivisions from 80 sqm to full floors.
• Ceiling Height: Reaches a standard of 2.65 m, creating an airy and comfortable working environment.
• Elevator System: Equipped with 1 Mitsubishi high-speed elevator for smooth vertical transportation.
• Air Conditioning System: Modern central air conditioning system, ensuring optimal temperature distribution across leased areas.
• Backup Power: 100% backup power capacity generator, ensuring uninterrupted business operations.
• Parking Area: Spacious parking space available around the building to accommodate motorbikes and cars for staff and visitors.
• Standard Working Hours: Monday - Friday: 7:30 AM - 6:00 PM; Saturday: 7:30 AM - 12:00 PM.

Leasing Costs and Commercial Terms

The leasing policy at the building is highly competitive within the Grade C office segment in the central area:

• Reference Rent: $10 - $11 /sqm/month (rates may vary depending on the leased area and lease commencement date).
• Service Fee: Included in the rental price.
• VAT: 10%.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With the advantage of a large 700 sqm floor plate and economical rental costs, Red River Building is perfectly suited for small and medium enterprises (SMEs), logistics companies, trading firms, or back-office operations requiring a centralized layout. To ensure smooth daily operations, tenants should pay attention to the following practical checklist items:

• Elevator Efficiency during Peak Hours: Since the building operates 1 Mitsubishi elevator, businesses should evaluate staff movement patterns during morning and evening peak hours.
• Parking Capacity: Conduct a physical survey of the parking area around the building to ensure adequate space for staff vehicles on peak days.
• Column-free Floor Layout: Leverage the spacious 700 sqm floor plate to design open-plan layouts, optimizing workstation density per square meter of net usable area.
• Central AC Zoning: Verify the temperature control capabilities across different zones to maintain a comfortable working environment for all departments.

Advisory Conclusion

Red River Building represents a highly cost-effective Grade C office solution in Hong Ha Ward, offering spacious floor plates and excellent brand visibility. To receive a detailed quotation, check current vacancies, and get professional lease negotiation support, please contact GRES consultants today.