PV Oil Tower GRADE C

Building Overview

PV Oil Tower is a Grade C office building featuring 17 above-ground floors and 2 basements, located in the bustling commercial area of Nghia Do Ward. With a typical floor plate of 427 sqm, the building offers flexible, virtually column-free workspaces that allow businesses to easily partition departments and maximize seating density. Completed in 2014 with EDGE green certification, the building ensures energy efficiency while providing a professional, high-quality working environment at a highly competitive cost.

Location and Connectivity

The building is situated on the frontage of 148 Hoang Quoc Viet, Nghia Do Ward, Hanoi, right at a key intersection connecting major traffic arteries in the northwestern gateway of the capital.

• Hoang Quoc Viet Axis: A spacious two-way avenue providing quick access to Pham Van Dong, Buoi, Lac Long Quan, and Vo Chi Cong streets.
• Nghia Do Park and West Lake: Located just 3 minutes away from Nghia Do Park, offering green spaces and convenient venues for business networking.
• Noi Bai International Airport: Approximately 25 minutes away via Vo Chi Cong street and Nhat Tan Bridge, optimizing travel time for business trips.
• Surrounding Amenities: Surrounded by a dense network of major bank branches (including Vietcombank on the 1st floor), restaurants, and popular office cafes to support daily business needs.

Technical Specifications and Operations

A practical assessment of the building's technical infrastructure helps businesses accurately evaluate its capacity to support daily operations:

• Scale & Floor Plate: 17 above-ground floors and 2 basements; typical floor plate of 427 sqm with a column-free design to maximize usable area.
• Ceiling Height: Reaches a standard of 2.7 m, ensuring a bright and airy office environment.
• Elevator System: Equipped with 04 high-speed Mitsubishi elevators with large capacities to minimize waiting times during peak hours.
• Air Conditioning: Daikin semi-centralized air conditioning system, allowing flexible temperature control for different zones.
• Backup Power: 100% capacity backup generator ensuring uninterrupted business operations.
• Parking Area: 2 spacious basements and auxiliary outdoor areas comfortably accommodating motorbikes and cars.
• Standard Working Hours: Monday - Friday: 8:00 AM - 6:00 PM; Saturday: 8:00 AM - 12:00 PM.

Leasing Costs and Commercial Terms

Below is a summary of the financial parameters and commercial terms applicable at the building:

• Reference Rent: $10 - $11 /sqm/month (subject to change based on leased area and timing).
• Service Fee: 5 USD/sqm/month.
• VAT: 10%.
• Motorbike Parking Fee: 150,000 VND/motorbike/month.
• Car Parking Fee: 2,000,000 VND/car/month.
• Electricity Consumption: AC electricity is included in the service charge; other office electrical appliances are metered separately.
• Overtime Fee (OVT): Complimentary when AC is not used.
• Minimum Lease Term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With a well-proportioned floor plate of 427 sqm and optimized operating costs, PV Oil Tower is highly suitable for small and medium-sized enterprises (SMEs), IT companies, financial firms, or representative offices seeking a strategic location in Western Hanoi within a reasonable budget. To ensure smooth fit-out and daily operations, tenants should review the following practical checklist:

• Actual Staff Density: Compare the net usable area with the projected headcount to design an ergonomic layout and avoid overcrowding.
• Parking Capacity: Inspect the 2 basements during peak hours to plan parking arrangements for expanding teams.
• Semi-Centralized AC Layout: Check the placement of Daikin AC vents to ensure partitions for meeting rooms or executive offices do not block airflow.
• Overtime Policy: Clarify with the building management regarding AC usage policies if your team frequently works late.

Advisory Conclusion

PV Oil Tower 148 Hoang Quoc Viet stands out as an excellent Grade C office choice, balancing a prime main-road location, EDGE-certified construction quality, and highly competitive rental rates. The building delivers a professional workspace solution that elevates brand image while optimizing long-term cash flow. Contact GRES specialists today to receive a detailed quotation, check the latest vacant spaces, and schedule a site visit.