Vinapaco Building GRADE C

Building Overview

Developed by Vietnam Paper Corporation and directly managed by the building owner, Vinapaco Building at 142 Doi Can offers an outstanding operational cost optimization solution for businesses in Ba Dinh wardt. Comprising 09 above-ground floors and 01 basement floor, this Grade C office building provides a typical floor plate of 300 sqm. It serves as an ideal leasing option for companies seeking a stable workspace while minimizing unnecessary overhead expenses to focus resources on core business growth.

Location and Connectivity

The building is strategically located at 142 Doi Can, Ngoc Ha Ward, Hanoi, situated on a bustling street with high commercial density and direct access to major arterial roads in the city center.

• Doi Can arterial road: Quickly connects to key routes such as Van Cao, Hoang Hoa Tham, Thuy Khue, Lieu Giai, and Kim Ma, facilitating seamless inter-wardt travel.
• Lotte Center and Bach Thao Park cluster: Located just 5 to 7 minutes away, providing excellent venues for hosting high-profile clients and corporate events.
• Noi Bai International Airport: Approximately 30 minutes away via Vo Chi Cong Street and Nhat Tan Bridge, saving valuable travel time for business executives.
• Surrounding business ecosystem: Surrounded by numerous major bank branches, restaurants, local eateries, and office cafes, fully catering to the daily needs of employees.

Technical Specifications and Operations

The building's technical infrastructure is designed to ensure continuous operational efficiency with minimal energy consumption.

• Scale & Floor plate: Comprising 09 above-ground floors and 01 basement floor; typical floor plate of 300 sqm with a well-proportioned layout for easy department division.
• Ceiling height: Reaches a standard 2.7m, ensuring a well-ventilated and spacious working environment.
• Elevator system: Equipped with 01 high-speed elevator operating stably.
• Air conditioning system: Semi-centralized air conditioning system that maintains optimal temperatures while saving localized electricity.
• Backup power: Backup generator ensuring 100% power supply during grid failures.
• Parking space: 01 basement floor and building forecourt adequately accommodate motorbikes and cars 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

From a financial perspective, the building offers highly competitive and transparent leasing terms, helping businesses easily manage their monthly cash flow.

• Reference rent: $9 - $11 /sqm/month (rates may vary slightly depending on the leased area and signing time).
• Service fee: Included in the rental price, reducing the administrative burden of calculating separate management costs.
• VAT: 10%.
• Motorbike parking fee: 100,000 VND/motorbike/month, with complimentary parking for a certain number of motorbikes based on the leased area.
• Car parking fee: Parking available at a nearby lot according to the operator's tariff.
• Electricity consumption: Actual consumption based on individual sub-meter readings.
• Overtime fee (OVT): Complimentary, representing a major financial advantage for businesses with frequent late-night operations.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment.

Suitable Tenant Profiles and Checks

This building is particularly suitable for small and medium-sized enterprises (SMEs), startups, or representative offices looking for a cost-effective yet professional workspace in the Ba Dinh area.

• Verify AC efficiency: Check the actual power consumption of the semi-centralized air conditioning system to forecast monthly electricity budgets.
• Survey nearby car parking: Since car parking is located at a nearby lot, businesses should coordinate with the parking operator in advance to secure spots for executives and clients.
• Assess elevator traffic during peak hours: With 01 elevator servicing 9 floors, staggering work hours slightly can prevent long wait times in the morning.
• Confirm complimentary motorbike quota: Negotiate the exact number of free motorbike parking spaces based on your leased area to further optimize personnel costs.

Advisory Conclusion

Vinapaco Building stands out as one of the most cost-effective Grade C office options in the Doi Can area, thanks to its complimentary overtime policy and all-inclusive service fees. To receive a detailed quotation, updated vacant space listings, and professional negotiation support, please contact GRES consultants today.