VET Building GRADE C

Building Overview

Featuring a solid structure of 11 above-ground floors and 1 basement floor on a major western arterial road, VET Building stands out as one of the premier cost-optimization solutions for businesses in Nghia Do Ward. As a professional Grade C office building, it offers a generous typical floor plate of 720 sqm, delivering exceptional space efficiency thanks to its regular, column-free layout. This represents a smart financial choice for enterprises requiring large operational spaces while keeping their rental budgets highly optimized.

Location and Connectivity

The building is directly located at 98 Hoang Quoc Viet, Nghia Do Ward, Hanoi, situated on one of the most spacious and well-developed transport corridors in the western part of the city.

• Hoang Quoc Viet arterial road: Provides direct and rapid access to major routes such as Pham Van Dong, Buoi, and Vo Chi Cong, facilitating seamless travel to adjacent districts like Tay Ho and Ba Dinh.
• Lotte Mall Tay Ho Complex: Located just 10 minutes away, offering excellent convenience for hosting diplomatic partners and high-profile clients.
• Noi Bai International Airport: Approximately 25 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, optimizing travel time for executive business trips.
• Surrounding amenities ecosystem: Surrounded by a dense network of major commercial banks including Vietcombank, BIDV, and Techcombank, alongside numerous business-friendly restaurants and cafes.

Technical Specifications and Operations

The building's technical infrastructure is comprehensively integrated to ensure continuous and safe business operations.

• Scale & Floor plate: 11 above-ground floors and 1 basement floor; typical floor plate of 720 sqm with a regular, column-free layout that maximizes usable net area.
• Ceiling height: Reaches a standard of 2.7 m, ensuring a well-ventilated environment and easy installation of technical ceiling systems.
• Elevator system: Equipped with 2 high-speed Mitsubishi elevators, minimizing wait times during peak hours.
• Air conditioning system: High-efficiency Daikin central air conditioning system, ensuring even temperature distribution across all workspaces.
• Backup power: 100% capacity backup generator, guaranteeing uninterrupted business operations during power grid failures.
• Parking: 1 basement floor and an adjacent outdoor parking lot fully accommodate the parking needs of both staff and visitors.
• Standard working hours: Monday - Friday: 7:30 AM - 7:00 PM, Saturday: 7:30 AM - 1:00 PM.

Leasing Costs and Commercial Terms

VET Building offers highly competitive rental terms, helping businesses effectively manage long-term cash flow.

• Reference rental price: $12 - $13 /sqm/month (subject to minor adjustments depending on the leased area and lease timing).
• Service fee: Already included in the rent, allowing easy control of monthly fixed expenses.
• VAT: 10%.
• Motorbike parking fee: 150,000 VND/motorbike/month.
• Car parking fee: 1,300,000 VND/car/month.
• Electricity consumption: Billed based on actual consumption via individual meters.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

With its large floor plates and reasonable rental rates, the building is an ideal match for medium-to-large enterprises in technology, import-export, finance, or firms requiring open-plan workspaces to optimize staff density.

• Financial pros and cons analysis: The greatest advantage is the all-inclusive service fee within the rent, eliminating hidden costs. However, businesses should plan parking arrangements for large teams as the outdoor parking lot may be weather-dependent.
• Usable area efficiency: Conduct a physical survey of the net usable area versus gross area to accurately plan desk layouts on the 720 sqm floor plate.
• Cooling power measurement: Estimate the actual electricity consumption of the Daikin central AC system during peak summer months to budget accordingly.
• Elevator traffic assessment: Observe the speed and capacity of the 2 Mitsubishi elevators during morning and evening rush hours to ensure smooth daily operations.

Advisory Conclusion

VET Building is an outstanding Grade C office solution in the Hoang Quoc Viet area, perfectly balancing commercial location advantages with optimized operating costs. This is a strategic move for businesses looking to preserve cash flow while securing a professional, regular, and easily configurable workspace. Contact GRES specialists today to receive a detailed quotation, check the latest vacant spaces, and schedule a physical site visit.