Newtatco Building GRADE C

Building Overview

Planning an optimal workspace for a team of 15 to 25 employees always demands a strict balance between a central location and actual operating costs. Newtatco Building, a Grade C office building located in the bustling Lang Ha area, is a solution that fully addresses this financial equation. Standing 09 above-ground floors and 01 basement level high, the building offers a typical floor plate of 160 sqm/floor, making it highly suitable for businesses seeking an independent office or flexible subdivisions without being burdened by heavy real estate costs.

The combination of competitive rental rates and service fees already included in the rent allows businesses to easily control their fixed monthly cash flow. This is a significant advantage for service companies, IT firms, or startups in their optimization phase who still require a prestigious business address in central Hanoi.

Location and Connectivity

The building is located at 21 Lang Ha, O Cho Dua Ward, Ha Noi, right on one of the most vibrant financial and retail corridors in the border area of central ward.

• Lang Ha main road: A spacious two-way street connecting directly from the Giang Vo - Lang Ha axis to Le Van Luong street, facilitating seamless travel to Dong Da, Ba Đình, and Cau Giay ward.
• Thanh Cong Lake Park / Commercial hubs: Located less than 3 minutes away from Thanh Cong Lake Park and major office buildings like Sky City Lang Ha and Vinaconex Tower, offering great advantages for corporate networking and client receptions.
• Noi Bai International Airport: Approximately 35 minutes away via Vo Chi Cong street and Nhat Tan bridge, optimizing travel time for executive business trips.
• Surrounding business ecosystem: Surrounded by a high density of major bank branches (Vietcombank, BIDV, Techcombank), business restaurants, and cafes, supporting daily professional meetings.

Technical Specifications and Operations

To evaluate the building's technical capability against actual operational needs, businesses should review the following standard technical specifications:

• Scale & Floor plate: Features 09 above-ground floors and 01 basement level, with a typical floor plate of 160 sqm/floor, allowing flexible division or full-floor leasing to maximize seating density.
• Ceiling height: Reaches a standard of 2.7 m, creating a well-ventilated environment and allowing easy installation of gypsum ceilings and office lighting.
• Elevator system: Equipped with 02 high-speed Mitsubishi elevators, ensuring rapid vertical transportation during peak hours.
• Air conditioning system: Utilizes a Toshiba intelligent air conditioning system, allowing flexible temperature control in specific zones to save energy.
• Backup power: Supported by a 100% capacity backup generator, guaranteeing uninterrupted business operations during grid failures.
• Parking facilities: 01 basement level and outdoor parking around the building are fully utilized to accommodate vehicles for staff and visiting clients.
• Standard working hours: From Monday to Friday (8:00 AM - 6:00 PM) and Saturday (8:00 AM - 12:30 PM).

Leasing Costs and Commercial Terms

From a financial perspective, Newtatco Building is one of the most competitive options in the Lang Ha area due to its transparent and simplified fee structure:

• Reference rent: $15 - $16 /sqm/month (rates may vary depending on leased area, floor level, and lease signing timing).
• Service fee: Already included in the rental price, helping businesses reduce additional monthly overhead.
• VAT: 10%.
• Motorbike parking fee: Complimentary motorbike parking for a specified number of vehicles based on leased area, reducing commuting costs for staff.
• Car parking fee: Parking available near the building at adjacent parking lots.
• Electricity consumption: Charged based on actual meter readings for each individual office.
• Overtime fee (OVT): Applied at a reasonable rate of 0.3 USD/sqm/hour when businesses need to work night shifts or weekends.
• Minimum lease term: Minimum 3-year lease.
• Deposit & Payment: 3-month deposit - Quarterly payment, ensuring stability for operational cash flow.

Suitable Tenant Profiles and Checks

Given its 160 sqm/floor layout and cost-effective Grade C positioning, this building is perfect for startups and small businesses seeking efficient workspace at a reasonable cost. The compact floor plan is easy to configure, making it ideal for small to medium-sized teams seeking efficiency. Before signing the lease, businesses should conduct a physical inspection based on the following checklist:

• Verify net usable area: Measure the actual usable area (carpet area) versus the gross wall-to-wall area on the contract to plan the desk layout accurately.
• Check parking capacity: Clarify the exact number of free motorbike slots allocated to your leased area and inspect nearby car parking options to ensure convenience for executives and clients.
• Assess AC performance: Test the localized cooling capacity of the Toshiba intelligent AC system, especially in corner zones of the prospective office.
• Negotiate overtime costs (OVT): Estimate your overtime frequency and discuss with building management how overtime AC consumption is metered to optimize your budget.

Advisory Conclusion

Newtatco Building is a highly practical office leasing solution that effectively solves the budget challenge for small and medium-sized enterprises wishing to establish their brand on the financial corridor of Lang Ha. The transparent pricing and included service fees serve as a critical financial lever to optimize operational cash flow. To receive a detailed quotation, check current vacant spaces, and schedule a site visit, please contact GRES consultants today.