Sky Building GRADE C

Building Overview

Sky Building is a Grade C office building located in the bustling commercial hub of Lang Ward. Rising 8 above-ground floors with 2 basements, the building provides a typical floor plate of 300 sqm. This space is highly optimized, specifically targeting small and medium-sized enterprises (SMEs), tech startups, and representative offices seeking a professional workspace within a reasonable budget.

From a financial perspective, Sky Building offers a distinct advantage compared to other buildings in the same segment, thanks to its gross rental rate that already includes service fees. This structure allows businesses to easily control their monthly fixed costs while maintaining a professional corporate image and a high-quality working environment for their staff.

Location and Connectivity

Located on Vu Ngoc Phan Street, Lang Ward, Hanoi, Sky Building enjoys a convenient location connecting major traffic arteries of the former Dong Da wardt and neighboring areas. The building is situated at the exact address of 37-41 Vu Ngoc Phan, Lang Ward, Hanoi, offering an extremely flexible regional connection network.

• Lang Ha - Nguyen Chi Thanh Arteries: Allowing businesses to easily commute and access major financial and administrative centers of the city within minutes.
• Vincom Nguyen Chi Thanh Mall / Hotels / Parks: Less than a 5-minute drive from the building, offering great advantages for welcoming partners and hosting external business events.
• Noi Bai International Airport: Quickly accessible in approximately 30 minutes via Vo Chi Cong Street and Nhat Tan Bridge, facilitating convenient business trips for executives.
• Surrounding Utility Ecosystem: Surrounded by numerous major bank branches, restaurants, cafes, and office support services, fully meeting the daily transaction and dining needs of employees.

Technical Specifications and Operations

Below are the detailed technical specifications and operational utilities at Sky Building:

• Scale & Floor Plate: Comprising 8 above-ground floors and 2 basements; typical floor plate of 300 sqm/floor, well-shaped to maximize usable space.
• Ceiling Height: Reaches an office standard of 2.65 m, providing an airy environment and easy installation of drop ceilings.
• Elevator System: Equipped with a high-speed elevator system, ensuring rapid movement during peak hours.
• Backup Power: 100% backup power capacity to ensure uninterrupted business operations during power outages.
• Parking Space: 2 basement levels and surrounding the building, well-meeting the parking needs of employees 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

Businesses can refer to the breakdown of rental costs and commercial terms applied at the building:

• Reference Rental Price: $9 - $11 /sqm/month (rates may vary depending on the leased area and timing).
• Service Fee: Included in the rental price, simplifying monthly billing.
• VAT: 10%.
• Motorbike Parking Fee: 150,000 VND/motorbike/month.
• Car Parking Fee: Parking available at the adjacent lot according to the actual rates of the parking operator.
• Electricity Consumption: Actual consumption as per individual meter.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

Sky Building is an ideal destination for small and medium-sized enterprises (SMEs), technology (IT) companies, startups, and service providers looking for an office with optimized operational costs and a central location. The well-shaped 300 sqm floor plate allows businesses to flexibly partition departments or set up an open workspace to enhance collaboration.

• Floor Layout Plan: Inspect the net usable area versus the gross area to accurately calculate the employee density per square meter.
• Parking Capacity: Evaluate the capacity of the 2 basements and the adjacent parking lot during morning and afternoon peak hours.
• Elevator Efficiency: Test the speed and waiting times of the elevator system during morning arrival and evening departure hours.
• Actual Operating Costs: Clarify the electricity billing method and any potential overtime fees if the business frequently operates late shifts.

Advisory Conclusion

Sky Building is a practical and cost-effective office solution in Lang Ward. With a reasonable gross rental rate and a highly accessible location, the building helps businesses balance their operating budgets while maintaining a professional working environment. To receive a detailed quotation, updated vacant spaces, and schedule a physical viewing at Sky Building, please contact the leasing specialists at GRES.